Guatemala: Refinery and alliances with Petrobras

The Brazilian oil company Petrobras is interested in building a refinery in Guatemala, using capital from both countries. They want to seek local alliances to increase oil production in Guatemala, Guatemala's Energy and Mines Minister Carlos Meany said.

Tuesday, April 22, 2008

The meeting with directors of the Brazilian company was part of yesterday's agenda during the visit to Brazil of President Álvaro Colom and his delegation.
"We're talking about an alliance to establish a refinery that will produce between 70,000 and 100,000 barrels of oil per day in Guatemala. The capital will come from the Guatemalan state, Petrobras, and both Guatemalan and foreign investors," Meany said.

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