40 Companies Interested in Moín Terminal Expansion

The $ 92 million bid launched last December is to allow docking of ships of up to 80,000 DWT.

Wednesday, January 12, 2011

According to the schedule, the Costa Rican Petroleum Refinery (RECOPE), will award the project later this year and works would start during the first quarter of 2012.

"The project involves construction of a dock with the ability to provide lateral support and docking of vessels, allowing cargo such as crude oil, gasoline and diesel to be unloaded." reports Nacion.com.

More on this topic

New Refinery Still Lacking Funding

March 2012

Costa Rica is awaiting the release of a report on the expected profitability of the proposed new Moin refinery, which needs to be 16% or more, in order to gain the support of China's state oil company.

In order to form a joint venture, the China National Petroleum Corporation (CNPC) asked its Costa Rican partner Recope for the minimum return of 16%.

Wanted: $1,200 million for new refinery

July 2011

Recope, the fuel supplier in Costa Rica, and the China National Petroleum Corporation (CNPC) are looking for investors to install a new refinery in Limon.

After several months of analysis, the Costa Rican Petroleum Refinery (RECOPE) has authorized the construction of a new plant to refine crude oil in Limón, which will triple the processing power of the state enterprise.

Moín Terminal Expansion to be Tendered in March

January 2011

Costa Rican refinery, Recope, will launch a tender to expand the oil terminal at a cost of $ 92.3 million.

The bid is for the expansion of the Moín oil terminal in the Province of Limón, in Costa Rica´s Atlantic coast.

Date for reception of offers according to terms of the tender is March 28, 2011; the expected date to visit the site is January 28, 2011.

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.

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