Costa Rica: Centam Refinery
Costa RicaMonday, July 9, 2007
Centam Refinery
Four Firms Want in on Centam Refinery - Forbes.com: "Four international firms have shown interest in constructing an oil refinery in Central America, the government said Monday.
The refinery, which will process 360,000 barrels of heavy crude a day, is the linchpin of a regional energy integration plan backed by 10 countries, including Mexico, Central American nations, and Colombia. The project will require a minimum investment of $6 billion.
The companies that have expressed interest in bidding for the project are Ecopetrol, of Colombia; Itochu, of Japan; Reliance, of India; and Valero Energy (nyse: VLO - news - people ), of the United States.
The firms will have the next 12 months to present their construction proposals as well as a suggested location on where to locate the refinery. The governments of Costa Rica, Guatemala, Honduras and Panama all have said they would like to host the refinery.
Mexico has promised to supply the plant with 80,000 barrels of heavy crude daily from its state-owned oil company, Petroleos de Mexico, or Pemex. In addition, the company that wins the construction bid will be committed to supplying 55,000 barrels a day of gasoline and diesel - 36 percent of regional demand - at preferential prices.
The bids are due in June 2008, according to the Energy Department, which coordinates the governing committee of the so-ca"
The refinery, which will process 360,000 barrels of heavy crude a day, is the linchpin of a regional energy integration plan backed by 10 countries, including Mexico, Central American nations, and Colombia. The project will require a minimum investment of $6 billion.
The companies that have expressed interest in bidding for the project are Ecopetrol, of Colombia; Itochu, of Japan; Reliance, of India; and Valero Energy (nyse: VLO - news - people ), of the United States.
The firms will have the next 12 months to present their construction proposals as well as a suggested location on where to locate the refinery. The governments of Costa Rica, Guatemala, Honduras and Panama all have said they would like to host the refinery.
Mexico has promised to supply the plant with 80,000 barrels of heavy crude daily from its state-owned oil company, Petroleos de Mexico, or Pemex. In addition, the company that wins the construction bid will be committed to supplying 55,000 barrels a day of gasoline and diesel - 36 percent of regional demand - at preferential prices.
The bids are due in June 2008, according to the Energy Department, which coordinates the governing committee of the so-ca"
Labels: central america, costa rica, costarica, politics, san jose
Previous posts
Subscribe to Posts [Atom]