Honduras, Japanese Ink Hydrocarbons Co-op Deal

Honduras' government and Japan's Japex Geoscience Institute (JGI) have signed a cooperation agreement to advance hydrocarbons exploration efforts, an official from Honduras' energy department told BNamericas.

Initial results of the two-year agreement are expected in April, the official said.

JGI will help update and verify existing information on the country's hydrocarbons potential.

Honduras' government aims to develop the country's hydrocarbons resources to decrease dependence on imports, in particular due to current high prices.

Government plans already have sparked the attention of several firms, including China National Petroleum.

The energy department is part of the natural resources and environment ministry.

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