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Nicaragua includes Venezuelan refinery in $1 billion goal for this year’s foreign investment

Tuesday, April 12, 2011

Nicaragua hopes to achieve $1 billion in direct foreign investment this year.

The ProNicaragua investment promotion area indicates that the main new items will be $300 million for electricity investment and $350 million for hydrocarbons, mainly associated with the El Supreme Sueño de Bolívar to be built by Venezuela.

The refinery, which is to be built in western Nicaragua, will have a 150,000 barrels per day capacity to process crude.

Original source (in Spanish): La Prensa