Panama: Cela Energy Park has a Partnership Agreement with Singapore

The Energy Center of the Americas (Cela) signed an alliance with the Jurong Company to look for investors.

Friday, March 6, 2009

Jurong Consultants executive vice president, Er. HEE Ah Mui, informed "As specialists in this type of activity and based on the company’s experience in the development of a project in Singapore similar to the one in Panama, they are convinced that they can attract large, multinational companies from the energy sector to invest in Panama. This is a very ambitious project worth hundreds of millions of dollars, and we are confident that, like Singapore, Panama will not be left behind."

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China's Industrial Parks

August 2012

Costa Rica is considering adopting the Chinese model of development of Special Economic Zones in order to promote the country as a high-tech industrial center.

A statement from the Ministry of Foreign Affairs of Costa Rica reads:

On the second day of their visit to China, the Costa Rican delegation accompanying the President of the Republic, Laura Chinchilla Miranda, visited the Suzhou Industrial Park (SIP) located in the town of that name, with the aim of learning from this successful model, and adapting it to the reality of the Costa Rican environment.

Feasibility Study Underway for Costa Rica – China Refinery

May 2010

Soresco (a joint venture between Costa Rica’s Recope and China’s CNPC) will hire a company to develop the refinery’s feasibility studies.

Such study will determine if the countries go forward with the $1 billion project. China requires the project to have at least a 16% return on investment.

Nicaraguan Refinery Studies Presented

April 2009

It was announced that the Supremo Sueño de Bolivar (Bolivar’s Ultimate Dream) refinery will now be located on the Miramar coast and not in Nagarote.

The industrial petroleum complex project still has feasibility, environmental impact and viability studies pending.

According to, the president of Albanisa, Rafael Paniagua, said: "We have the location for a complex that would include the refinery and a port and it has 800 hectares in total. We are in the visualization phase of this project and the investment that we are going to make is on a loan basis under the terms of the Bolivarian Alternative for the Americas (ALBA).”

Panama: Colon Refinery Starts in April

March 2009

The project under the name Energy Center of the Americas includes refineries, marine installations, petrochemical plants and storage terminals.

It is expected to start activities in 2011 and the initial phase of the project has a cost of $1.3 billion.
Henry Jimenez, vice president of CELA, told "We hope to begin the first phase of the project which is to be carried out in the Atlantic in April.

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