Qatar Refinery Project Brought Up Again
Negotiation between Panama, Qatar Petroleum and Occidental Petroleum for the construction of a $8 billion refinery will restart in September.
Monday, July 20, 2009
Qatar Petroleum and Occidental Petroleum had until December 2008 to present the final study for the refinery, which was first negotiated in May 2007.
Panama is hoping to seal the deal with Qatar and Occidental Petroleum (Oxy) before the end of 2008 to build a refiner.
The Panamanian President will visit its Qatari equivalent to promote an $8 billion refinery in the Port of Armuelles.
Qatari Businessmen have announced to the Panamanian government their interest in building a refinery in Puerto Armuelles.
Martín Torrijos, the president of Panama, made a brief visit to the United Arab Emirates in an effort to boost trade and economic cooperation.
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