The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
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China National Petroleum Corp. and Refinadora Costarricense de Petroleo (Recope) have signed a cooperation agreement for financing the refining joint venture they have formed in Costa Rica (OGJ Online, Sept. 4, 2009).
The JV is to revamp the 24,000-b/d Puerto Moin refinery and increase its capacity to 60,000 b/d. The project awaits approval of Chinese and Costa Rican governments.
After the revamp, Recope will lease the refinery for 15 years.
Along with the rapid development of China's energy industry, China Oil & Gas Pipeline network is experiencing unprecedented great structure, large-scale construction and giant leap. Read More >
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