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 Laprensa.com.ni, 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).”
With the construction of a refinery with a capacity to process about 150 thousand barrels of oil daily, Nicaragua will become a nation exporting oil derivatives, as estimated by the President of the Bolivarian Republic of Venezuela, Hugo Chavez Frias.
During his speech at the meeting of the Productive Forces and working session of the National Council for Planning Nicaragua, the Venezuelan Representative referred to the dream of Bolivar Supreme refinery, which was built in Nicaraguan territory with a Venezuelan investment that reaches 4 500 thousand million.
The Central American Business Council is a London-based organisation which is working to increase significantly the current levels of trade and investment between the UK and Central America.
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San Miguel Industrial Park is the only park that owns a construction and consulting company. We offer the Free Zone location with the perfect building to suit your manufacturing needs. Our flexible layouts allow an easy future growth. Because of this fact we can offer exactly what our clients need at a very competitive price. Clients can own a building or they can enter a lease agreement. Because of this flexibility many world known companies have chosen to work with us. We are licensed to build in Honduras providing the best free zone laws in the industry maximizing profitability.
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PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
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