Energy: Projects for $600 million

The construction of an oil pipeline and a maritime terminal in the Pacific for the transfer and storage of fuels, are some of the projects planned to develop the state-owned Recope in the next eight years in Costa Rica.

Thursday, January 10, 2019

The construction of a new plant for storage and sale of clean products in Liberia, and the polyduct connecting this plant with Barranca, is one of the large-scale projects that the Costa Rican Petroleum Refinery (Recope) plans to develop in the coming years.

According to a document prepared by the institution, it is estimated that the Basic Engineering and Feasibility of the Plant and the Pipeline will be ready in the second semester of 2020. The year in which the project begins operations is planned for 2026 with $245 million in estimated investment.

Another of the projects analyzed by the institution is the construction of a 12" bi-directional line with a 60 km length between La Garita and Barranca plant, which would increase the capacity to transfer clean products between these plants and reduce the risk of shortage.

The Recope document details that in 2018 the project profile was completed, and it is estimated that by the second semester of 2020 Basic Engineering and Feasibility will be ready. For this work, an investment of approximately $50 million is required, and its entry into operation would be in 2024.

The construction of a maritime terminal in the Pacific is a project to complement the two previous works. In this regard, the institution reported that it is planned to develop a system of unloading, transfer and storage of fuels and LPG in the Barranca campus. This system, which would be an alternative to the Caribbean zone, leads to a reduction in the risk of shortage.

The maritime terminal would have a monobuoy berth, with capacity to handle 40,000 dwt ships and marine lines to transfer fuel, in addition to a re-pumping station and a piping system to the Barranca campus, and diesel and gasoline receipt tanks.

Review the Recope report for this project that will require about $289 million in investment, there is a Feasibility and Basic Engineering made in 2009 for the campus, and it is estimated that the Basic Engineering and Feasibility of the Campus and the Polyduct will be ready in the second semester of 2020.

The maritime terminal is projected to be ready to start operations in 2024.

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