• Costa Rica Coffee Guide

China announces largest investment yet in Costa Rica

December 6, 2011

China’s largest investment in Costa Rica to date was announced Monday afternoon, as the China Development Bank agreed to pay between $800-$900 million for the modernization of the Costa Rican National Oil Refinery’s (RECOPE) processing plant in the Caribbean port town of Moín. The funds for the refinery upgrade will become available Dec. 31, 2012, with the expected project completion date slated for 2013.

The current refinery in Moín processes 25,000 oil barrels per day. The expansion projected will improve that capacity to 60,000 barrels per day. Australian energy and construction company Worley Parsons will oversee the development and management of the project.

The overall investment price tag on the refinery renovation is $1.24 billion. The additional $300 million for the project will be financed by Soresco, a joint-company created by RECOPE and China National Petroleum Corporation International, which is China’s state-owned oil company.

You may be interested

Costa Rica tourism extension: Clarifications and details
Costa Rica
2839 views
Costa Rica
2839 views

Costa Rica tourism extension: Clarifications and details

Alejandro Zúñiga - March 3, 2021

The Immigration Administration (DGME) has issued the decree formalizing the extension of tourism visas until June 1 for visitors who…

DIMEX required for vaccination, Costa Rica says
Costa Rica
16399 views
Costa Rica
16399 views

DIMEX required for vaccination, Costa Rica says

Alejandro Zúñiga - March 3, 2021

Costa Rica began administering coronavirus vaccines in December 2020, and the country hopes to inoculate its entire adult population. We've…

Campaign to help families, businesses in Guanacaste
Business
1251 views
Business
1251 views

Campaign to help families, businesses in Guanacaste

The Tico Times - March 3, 2021

Costa Rican authorities this week relaunched a campaign to support businesses and provide meals to tourism employees who lost their…