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Costa Rica cancels $1.2 billion Chinese refinery

Monday, April 18, 2016

Costa Rica’s National Oil Refinery, Recope, has canceled a $1 billion-plus oil refinery project.

The joint venture project was supposed to be a symbol of Chinese-Costa Rican cooperation when it was first announced nine years ago, but the beleaguered project has been plagued with scandals.

Source: Tico Times