Arias, Brazilian Company Discuss Oil Exploration

June 2, 2006

After meeting with a delegation of Brazilian government ministers and investors Tuesday, President Oscar Arias announced the investors might study the possibility of petroleum exploration off the country’s coasts, said a statement from Casa Presidencial.

Petróleo Brasileiro S.A. (Petrobras), a Brazilian oil company, would work alongside the National Oil Refinery (RECOPE), to study the feasibility of exploration 50 miles off the Caribbean coast, Arias told the daily Al Día.

The Brazilian investors are interested in finding petroleum and installing a distillery for ethanol production in the Caribbean port city of Limón, the daily reported.

Environmental-impact studies are under way for the distillery, which would cost an estimated $20 million, and would be a joint Brazil-Costa Rica venture to export ethanol to the United States once Costa Rica has ratified the Central American Free-Trade Agreement with the United States (CAFTA), Luiz Eduardo Furlan, Brazilian Minister of Development, Industry and Foreign Commerce said in the statement from Casa Presidencial.

Regarding potential environmental problems petroleum exploration could pose, the minister said, “What must prevail are the country’s interests – people want cheaper fuel.”

Like the country’s environmentalists, former President Abel Pacheco (2002-2006) opposes petroleum exploration, and established a moratorium on the activity, as well as open-pit mining, during his administration (TT, June 7, 2002).

The Arias administration, however, has made it clear it is open to both activities –to the dismay of environmentalists (TT,May 19).

 

Facebook Comments

You may be interested

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights
Costa Rica
1 views
Costa Rica
1 views

Costa Rica meets with Inter-American Commission on Human Rights to discuss Nicaragua, Venezuela, indigenous rights

Alejandro Zúñiga - April 23, 2019

Costa Rica’s Minister of Foreign Affairs, Manuel Ventura Robles, met with the Inter-American Commission on Human Rights (IACHR) this week…

Freed Nicaraguan prisoner tells of torture
Central America
45 views
Central America
45 views

Freed Nicaraguan prisoner tells of torture

AFP - April 23, 2019

One Nicaraguan guard pinned his hand to a table with his knee while another ripped out a nail with a…

Costa Rica celebrates 150 years of free education
Costa Rica
10 views
Costa Rica
10 views

Costa Rica celebrates 150 years of free education

Alejandro Zúñiga - April 22, 2019

Costa Rica on Monday celebrated 150 years of free, obligatory and state-paid education with a ceremony at the Escuela Jesús…

Do NOT follow this link or you will be banned from the site!