• Costa Rica Real Estate

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

Swimming, squeaking and more: 5 sloth facts explained!
Sloth Sundays
92 views
Sloth Sundays
92 views

Swimming, squeaking and more: 5 sloth facts explained!

Sam Trull / The Sloth Institute - January 26, 2020

In honor of Slothy Sunday, Sam Trull of The Sloth Institute shares five sloth fun facts.  1. All sloths are…

USA picks new faces to take on Costa Rica after training camp shift from Doha
La Sele
29 views
La Sele
29 views

USA picks new faces to take on Costa Rica after training camp shift from Doha

AFP and The Tico Times - January 26, 2020

US national team coach Gregg Berhalter announced a 22-man squad Saturday for next weekend's friendly against Costa Rica that features…

U.S. donates $16,000 to help Costa Rica improve environmental reporting
Costa Rica
90 views
Costa Rica
90 views

U.S. donates $16,000 to help Costa Rica improve environmental reporting

The Tico Times - January 25, 2020

A donation from the U.S. Department of the Interior will help Costa Rica's Environment Ministry (MINAE) receive and track environmental…

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