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Wednesday 19 November 2008, San José, Costa Rica 
Tourist Number 2.000.000 Expected in December
 Panama Quake Felt in San José
 Costa Rica, China Joint Venture On Refinery
 ICE Has Three Suitors For 3G
 Outsourcing Costa Rica? It May Be A Wise Move During A Recession.
 Strong Winds And Cold With Us Until Friday
Intel "Hecho En Costa Rica"
 
 Costa Rica, China Joint Venture On Refinery
China's National Petroleum Corporation (CNPC) has signed an agreement with Costa Rica's Refinadora Costarricense de Petroleo (Recope) on a joint venture to upgrade a Costa Rica's oil refinery.

The details of the deal were made public on Tuesday after it was signed on Monday in San Jose, during Chinese President Hu Jintao's state visit.

According to the 25-year deal, the joint venture would help modernize and expand the Moin refinery, increasing its annual oil refining capability to 3 million tonnes from the current 1.2 million tonnes.

Improvements would also raise product quality and reduce pollution. It gave no further details on investments and timeline.

The two sides also agreed to launch feasibility studies on a new refinery with a proposed annual crude processing capability of 10 million tonnes.
 
 

 

 
 
 

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