: Although exploration wells have been drilled in the Sandino and Miskito basins, upstream activities have largely stalled, with major players like Equinor previously pulling out. Recent Sanctions and Geopolitical Context
: The United States remains the largest source of crude petroleum imports as of 2024–2026. nicaraguan_oil_samples.7z
: In April 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctioned several entities and individuals, including the Vice Minister of Energy and Mines , for helping the Murillo-Ortega regime generate revenue. : Although exploration wells have been drilled in
: Data from historical wells in the Sandino or Miskito basins. Department of the Treasury's Office of Foreign Assets
Historically and into 2026, Nicaragua has . It is entirely reliant on imports to meet its hydrocarbon demands.
: Internal documents related to the state-run oil company's joint ventures, such as those historically held with Venezuela. NICARAGUA: OIL PROBLEMS AND PROSPECTS - CIA