Refinery for the Isthmus does not have support

The possibility of Central America having a crude oil refinery has once again been suspended. Yesterday the tender for the construction of the installations was declared void.

Tuesday, September 23, 2008

Carlos Meany, minister of Energy and Mining, stated that there were not enough participants in the process and that there will have to be a new meeting of the technical committee of the Meso-American Energy Integration Program or the process will be terminated.
Ecopetrol of Colombia, Itochu of Japan, Reliance of India and Valero of the United States were the only companies to participate in the tender process for the construction of the refinery.

More on this topic

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.

Feasibility Studies Required for Oil Refinery Expansion

July 2010

The Costa Rican state-owned oil refinery (Recope) invites bids to analyze the feasibility of expanding the Moín refinery.

Recope’s president indicated that the invitation to carry out the $5 million study was sent to several companies that were pre-selected for their technical capability.

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.

Bids to be in by September for US$8 billion regional refinery

June 2008

Mexico's proposal for a US$8 billion refinery in Central America is going ahead and bids for the project are to be presented in September, Gerónimo Gutiérrez, Mexico's deputy foreign minister said.

The 360,000 barrels-per-day refinery was proposed as part of the Puebla-Panama Plan, which was relaunched at the weekend as the Meso-American Project.

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