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China wants talks on Costa Rican refinery

Tuesday, April 19, 2016

China's Foreign Ministry called for talks after Costa Rica's state-run oil company Recope said last week it had decided to abandon a $1.5 billion refinery upgrade project it was working on with China’s CNPC.

In 2009, the two firms formed a company called Soresco, with each putting in $50 million. But the project has been paralysed since 2013 by Costa Rica's comptroller after complaints of conflicts of interest in the feasibility studies.

Source: Reuters