Moín Terminal Expansion to be Tendered in March

Costa Rican refinery, Recope, will launch a tender to expand the oil terminal at a cost of $ 92.3 million.

Monday, January 10, 2011

The bid is for the expansion of the Moín oil terminal in the Province of Limón, in Costa Rica´s Atlantic coast.

Date for reception of offers according to terms of the tender is March 28, 2011; the expected date to visit the site is January 28, 2011.

More on this topic

40 Companies Interested in Moín Terminal Expansion

January 2011

The $ 92 million bid launched last December is to allow docking of ships of up to 80,000 DWT.

According to the schedule, the Costa Rican Petroleum Refinery (RECOPE), will award the project later this year and works would start during the first quarter of 2012.

"The project involves construction of a dock with the ability to provide lateral support and docking of vessels, allowing cargo such as crude oil, gasoline and diesel to be unloaded." reports Nacion.com.

Recope Extends Deadline for Moín Port Expansion

April 2011

The Costa Rican oil refiner has extended the deadline for bids to be submitted from April 27 until May 9.

The press release on Recope's official website states that parties interested in taking part in the competitive tender for the Atlantic oil port expansion project have until May 9, 2011 at 13:00 to present offers.

Feasibility Studies Required for Oil Refinery Expansion

July 2010

The Costa Rican state-owned oil refinery (Recope) invites bids to analyze the feasibility of expanding the Moín refinery.

Recope’s president indicated that the invitation to carry out the $5 million study was sent to several companies that were pre-selected for their technical capability.

New Refinery Still Lacking Funding

March 2012

Costa Rica is awaiting the release of a report on the expected profitability of the proposed new Moin refinery, which needs to be 16% or more, in order to gain the support of China's state oil company.

In order to form a joint venture, the China National Petroleum Corporation (CNPC) asked its Costa Rican partner Recope for the minimum return of 16%.

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