Belize Natural Energy (BNE) continues to be the only petroleum producing and exporting company in Belize, and official Government information supplied to Amandala Newspaper indicates that total petroleum revenues, as of the end of September, totaled US$410,866,372 or BZ$821.7 million.
Government’s slice of the pie is 21 cents on the dollar, or a total of BZ$174.1 million since production began in 2005.
Gross revenues have increased by nearly BZ$170 million since 2009, based on company information.
BNE has produced nearly 6 million barrels of Belize Light Crude (BCL). BNE reports that the oil is exported to the
US, Panama and . Costa Rica
Of interest is that 91.3% of the crude sales have been outside
, whereas 8.7% has been sold locally. Belize
Total production is reported to be 5.8 million barrels up to the end of September, with 5.1 million barrels having been shipped outside
Local sales are reported to be 488,448 barrels of oil.
Government’s biggest earnings from petroleum come from income taxes, reported at roughly BZ$106 million. Royalties are far less - BZ$52 million.
Belize oil Pumping Station in Spanish Lookout-November 6, 2010
Crude Oil transported from Spanish Lookout to the Big Creek Port at Independence-Mango Creek
Vacuum Truck – The only vehicle of its kind in Belize, this truck is equipped to vacuum oil spills from the grounds or water surface.
On-Site Fire Truck – BNE has fully equipped fire trucks at both Spanish Lookout and Big Creek Port.
Mobile Spill Unit – BNE has mobile spill units both at Spanish Lookout and Big Creek Port, used to clean and prevent the spread of oil after a spill. These are ready to be deployed immediately.
Booms at Big Creek Port, being used as preventative barrier. Southern Belize
The Center of Oil in Belize-Spanish Lookout, Cayo-Western Belize
The Mountain Pine Ridge Forest near by to Spanish Lookout Village
All photos by: Jorge Aguallo