More Studies to Demonstrate Feasibility of Refinery

The directors of the Costa Rican state run entity RECOPE say that "there are already a number of studies which prove profitability," but as they can not produce them, they have announced that universities will be hired to do so.

Wednesday, May 29, 2013

Added to the $50 million that has already been spent on the project, will be these extra costs for more technical studies, and the recruitment of "national universities who will delve deeper, from academia, into the information which international consultants have already verified and approved."

The Refinadora Costarricense de Petróleo (RECOPE) is also hiring "a consultant or consultancy group which will act as a shareholder on behalf of Costa Rica, supporting RECOPE public officials in the work of supervision, monitoring and supervision of the project. "

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More on this topic

Too Many Doubts Over New Refinery in Costa Rica

May 2013

The limited information presented by the state run refinery RECOPE shows that the Costa Rican government will bear the entire risk of the $1.5 billion project.

Editorial

It is still not known how much the new refinery will cost, but the head of Economic and Financial Studies unit at Refinadora Costarricense de Petróleo (RECOPE), said: "The latest figure is around the $1.5 billion mark."

Costa Rica: $28 Million in Fuel Plant

April 2013

The state fuel company Recope is working on two investment projects to supply aviation fuel to Daniel Oduber International Airport in Liberia.

The first project already being worked on by the Costa Rican Oil Refinery (Recope) is a new plant in the area, whose works are advanced by 26% so far. It also presented a blueprint for the construction of two tanks on the Barranca plant in Puntarenas to support storage.

Bunker Terminal in Costa Rican Pacific

June 2011

The Costa Rican state electricity and fuel companies have agreed to build a terminal for the supply of bunker fuel.

From a press release by RECOPE :

The Costa Rican Petroleum Refinery (RECOPE SA) and the Instituto Costarricensede Electricidad (ICE), have pledged to work together in developing the Pacific Terminal project, which will allow the country to have another alternative way to import fuel which will strengthen RECOPE’s value chain in infrastructure and reduces the risk of shortages, as well as providing an alternative supply of bunker fuel for consumption centers on the Pacific coast, in particular for electricity generation in the Garabito thermal plant.

Recope to Invest $28.7 Million in Costa Rica

January 2010

This investment by the state-owned fuel refinery is geared to increase its fuel storage capacity in 550,000 barrels.

"Refinadora Costarricense de Petróleo S.A." (Recope), currently has an installed storage capacity of 3.4 million barrels.

Elfinancierocr.com reports: "The company is building two heavy oil storage tanks, capable of 25,000 barrels and a diesel one, capable of 100,000.

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