South America / GoM
Country profile: Honduras
| Location: | Central America, bordering the Caribbean Sea, between Guatemala and Nicaragua and bordering the Gulf of Fonseca (North Pacific Ocean), between El Salvador and Nicaragua |
| Climate: | subtropical in lowlands, temperate in mountains |
| Terrain: | mostly mountains in interior, narrow coastal plains |
| Size: | 112090 sq. km total (Land area: 111890 sq. km Water area: 200 sq.km) |
| Population: | 7,639,327 |
| Languages: | Spanish, Amerindian dialects |
| Government: | democratic constitutional republic |
| Capital city: | Tegucigalpa |
| Legal system: | rooted in Roman and Spanish civil law with increasing influence of English common law; recent judicial reforms include abandoning Napoleonic legal codes in favor of the oral adversarial system; accepts ICJ jurisdiction with reservations |
| Currency: | lempira (HNL) |
| Licensing: |
Country profile
With hardly any domestic hydrocarbon reserves, Central American countries rely heavily on imported oil for their energy needs. The countries of Central America, including Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama, have traditionally been dependent upon agricultural exports for a large portion of their economic activity. However, in recent years, these countries have begun to diversify their economies towards manufacturing and tourism. As a result, the countries have been especially affected by high world oil prices in recent years. Partially offsetting this, many have been able to secure preferential pricing for oil from Venezuela and Mexico.
Central America does have a large amount of installed hydroelectric capacity, but the region still relies upon imports for some three-fourths of its total energy consumption. Despite the lack of sizable oil reserves, Central America remains an important transit center for oil via the Panama Canal and as a potential energy transit center between North and South America.
Energy production and consumption
| Oil | Gas | |
| Production: | ||
| Consumption: | 43,000 bbl/day (2005 est.) | |
| Exports: | 765 bbl/day (2005 est.) | |
| Imports: | 42,620 bbl/day (2005 est.) | |
| Reserves: | NaN | |
| Major fields: |
Honduras - recent news
| 28 Jan 20 |
Honduras: CaribX increases share of Main Cape licence Honduras to 55 percent CaribX has increased its share of the Main Cape licence, offshore Honduras, from 15 percent to 55 percent in advance of drilling the first exploration well offshore Honduras for forty years. |
Honduras - more news
Other countries in this region
- Argentina,
- Aruba,
- Bahamas,
- Barbados,
- Belize,
- Bermuda,
- Bolivia,
- Brazil,
- Canada,
- Chile,
- Colombia,
- Costa Rica,
- Cuba,
- Dominican Republic,
- Ecuador,
- Falklands,
- French Guiana,
- Grenada,
- Guatemala,
- Gulf of Mexico,
- Guyana,
- Jamaica,
- Mexico,
- Nicaragua,
- Panama,
- Paraguay,
- Peru,
- Suriname,
- Trinidad,
- Uruguay,
- USA,
- Venezuela
