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Costa Rica to build new refinery from January

Friday, August 17, 2012

With the financial support of the government of China, Costa Rica is expected to start in January the construction of a new oil refinery, that is due to come on stream in mid-2015.

The new refinery will replace one at Limón on the Caribbean coast at a cost of $1.4 billion. The refinery will be owned by the state-owned Recope.

The Recope general manager, Jorge Rojas, said the new refinery will have a capacity to process 65,000 barrels of crude daily, sufficient to cover the nation's projected demand for up to 15 years.

Source: Inside Costa Rica