Agreement for chinese refinery vetoed in Costa Rica
The Costa Rican Comptroller vetoed an agreement that would have allowed the construction of a $1 billion petroleum refinery.
Monday, March 30, 2009
The accord that was signed in 2008 between the state-owned companies, Costa Rican Petroleum Refinery (RECOPE) and the Chinese National Petroleum Corporation (CNPC) and authorized by president Oscar Arias, would have allowed the construction of a $1 billion, 12,000 barrel refinery in the Costa Rican Caribbean .
The Chinchilla administration is insisting on building a refinery, this time using the method of an international tender.
The feasibility study for the project was undertaken by a subsidiary of the Chinese company which is a partner in the project, a situation that is prohibited under the contract with the Costa Rican state refiner.
The Government will request, again, the approval of the agreement for the construction of a $1 billion refinery with China.
The Government of Costa Rica will insist on approval of the agreement for the construction of a $1 billion refinery.
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