No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveVenezuelan Envoy Says Refinery on Schedule

Venezuelan Envoy Says Refinery on Schedule

The Venezuelan government last week released a press statement clarifying the time table on its $3.9 billion oil refinery scheduled to be built here, insisting that the project is on track to be operational within the next five years.

The statement from Venezuelan Ambassador Pedro Luis Penso was in response to an article published in the daily La Prensa in which Penso was quoted as saying the refinery wouldn’t be ready for another 10 years, or roughly five years behind schedule.

Penso, in his letter of clarification, said that statement published in the newspaper “does not correspond to reality.”

Despite claims by La Prensa that no advances have been made on the “Supreme Dream of Bolívar” oil refinery since the first ceremonial cornerstone was laid 16 months ago by Venezuelan President Hugo Chávez and Nicaragua’s Daniel Ortega, Penso insists the project is advancing and that Nicaragua, within five years, will become “the most important energy center in Central America.”

“The refinery project is the most impactful project that is being developed on the Central American isthmus,” Penso said, calling it a “strategic project” of Venezuelan cooperation.

–Tim Rogers

 

Trending Now

Restoration of Costa Rica’s Teatro Nacional Paused Amid Claims of Irreparable Harm

Work on restoring the Teatro Nacional, Costa Rica's premier cultural landmark, came to a sudden stop this week after the Sala Constitucional issued a...

Emma Raducanu Looking for a New Tennis Coach

Emma Raducanu insists she is in no rush to find a new coach as the former US Open champion looks to revert to a...

Venus Williams takes Indian Wells wild cards for singles and doubles

Venus Williams will return to the BNP Paribas Open next month after accepting wild cards into both the singles and doubles draws, tournament organizers...

Procomer Opens New Office in Silicon Valley to Draw Tech Investments

Costa Rica's export promotion agency, Procomer, opened an investment promotion office in Silicon Valley on February 17. The move targets foreign direct investment from...

Costa Rica’s Dollar Exchange Rate Hits 17-Year Low

The dollar's exchange rate against the colon dropped further today in Costa Rica's foreign currency market, known as Monex. Data from the Central Bank...

UK police arrest ex-prince Andrew in historic blow to royal family

Britain's former prince Andrew was arrested Thursday on suspicion of misconduct during his time as a trade envoy, as UK police investigations into allegations...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica