Gov. Juan N. Babauta is supporting a private group\u2019s proposal to provide the CNMI with an alternative source of petroleum products.<\/p>\n
In a Nov. 26 letter to Commonwealth Ports Authority executive director Carlos H. Salas, Babauta said he fully supports the terminal sharing proposal that was recently submitted by South Pacific Petroleum Corp. to CPA.<\/p>\n
\u201cI fully support the proposal submitted by SPPC and strongly encourage CPA to prioritize further discussions relating to this proposal,\u201d the governor said.<\/p>\n
He said it would realize his administration\u2019s goal \u201cto fully utilize the strategic and economic potentials of the CNMI\u2019s seaports.\u201d<\/p>\n
\u201cThe proposal, intended to provide the CNMI with an alternative source of petroleum products by allowing SPPC to use the existing terminal facilities operated by Saipan Shell, presents the type of business opportunity that was envisioned when I requested the CPA board of directors to work with the administration to conduct an economic analysis and development plan to ensure that the CNMI fully utilizes the strategic and economic potentials of its seaports,\u201d said Babauta.<\/p>\n
He said the project could minimize the duration and impact of economic disruptions caused by high fuel prices, especially in view of the lack of a truly competitive petroleum market in the CNMI.<\/p>\n
SPPC, he said, would also gain from it by having access to a previously restricted market. <\/p>\n","protected":false},"excerpt":{"rendered":"
Gov. Juan N. Babauta is supporting a private group\u2019s proposal to provide the CNMI with an alternative source of petroleum products.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86065","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/86065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=86065"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/86065\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=86065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=86065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=86065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}