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Saturday 08 December 2007

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Vehicles Stolen in Costa Rica Found Around the World
Costa Rica, China to Explore for Oil
Gasoline Prices Jump on Tuesday
Zapote Fair A Go; Carnaval Cancelled
Eight Annual "Circuito Nacional de Surf" Competition This Weekend


Costa Rica, China to Explore for Oil
Costa Rica and China announced Friday they have agreed to jointly explore for oil and natural gas in the Costa Rica. It wasn't clear if the proposed exploration would be on land or offshore.

The ministro del Ambiente y Energía (environment and energy minister - MINAE) Roberto Dobles told a news conference with representatives of China National Petroleum Corp., China's biggest oil and gas producer, that Costa Rica hopes to guarantee its access to energy, considering soaring crude prices.

"We have the responsibility to ensure the development of the country, always meeting strict environmental standards," he said.

The announcement was immediately criticized by environmentalists, who argued the exploration would pollute the environment, though Dobles said the agreement stipulated that any exploration be done in a way that protects the environment.

He added that it may be four to six years before the project gets started and that the exploration process in general is not as environmentally risky as other aspects of the petroleum industry.

"The worst problems and risks are in maritime transportation and vehicle emissions," he said.

Costa Rican president Oscar Arias supports the use of biofuels and renewable energy sources to replace petroleum. But Dobles said "you can't substitute 100 percent of the petroleum Costa Rica uses."

Arias signed the exploration agreement during  a visit to China last October.

Representatives from the two countries are expected to meet again in February in China to discuss the agreement further. It includes plans to modernize Costa Rica's oil refinery so it can become a regional hub.

Environmentalists successfully pressured former Costa Rican president Abel Pacheco (2002-2006), to cancel a 1998 concession for oil exploration Costa Rica had granted Houston-based Harken Energy Corporation. A lawsuit is before the courts.

In June, Costa Rica dumped its long standing diplomatic relations with Taiwan in preference of China.
 
 


 

 

 

 
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