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.
The $ 92 million bid launched last December is to allow docking of ships of up to 80,000 DWT.
The Costa Rican oil refiner has extended the deadline for bids to be submitted from April 27 until May 9.
The Costa Rican state-owned oil refinery (Recope) invites bids to analyze the feasibility of expanding the Moín refinery.
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.
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