Biofuels would be produced at Chinese refinery in Limón, says Costa Rica oil chief
Costa Rica’s National Oil Refinery, RECOPE, is set to start a new feasibility study on a Chinese-funded oil refinery in the Caribbean province of Limón, according to a statement from Casa Presidencial.
News of the agreement came as Costa Rican and Chinese officials reached consensus Friday on how to move forward with the $1.5 billion project after the Central American country’s Comptroller General’s Office canceled the previous project over a conflict of interest in 2013.
RECOPE President Sara Salazar said that the national oil refinery would oversee the new feasibility study and there would be an “exhaustive” review of the Chinese-Costa Rican Reconstruction Corporation (SORESCO), a joint partnership between the Chinese National Petroleum Corporation and RECOPE formed to build the new refinery and upgrade in Moín, according to a statement from Casa Presidencial.
Salazar said the latest agreement with her Chinese counterparts would assure transparency and accountability in the project.
The new refinery would produce biofuels and “green” fuels, as well as refine gasoline and diesel, Salazar added. RECOPE currently does not refine any fuel for the national market.
After an investigation, the Comptroller General’s Office said that Huanqiu Contracting & Engineering Corp., the company that conducted a feasibility study of the project, was a subsidiary of the China National Petroleum Corporation, a partner with RECOPE in the construction of the refinery. The office said that conflict of interest violated the concession’s contract.
President Xi Jinping extended Costa Rica a $900 million loan to finance the project during his 2013 visit with former President Laura Chinchilla (2010-2014).
You may be interested
Nationwide earthquake drill in Costa Rica to be held Monday morningAlejandro Zúñiga - August 18, 2019
If you live in an area that is prone to earthquakes, it’s important to know what to do when one…
Pic of the Day: Morning views from Manuel AntonioThe Tico Times - August 18, 2019
Costa Rica established Manuel Antonio National Park in 1972. Between the new park and the old banana town of Quepos…