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CNPC signs Costa Rica refinery JV deal
Published on: 2008-11-20
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China National Petroleum Corp (CNPC), the parent of PetroChina, said it has signed an agreement with Costa Rica's state-run Refinadora Costarricense de Petroleo (Recope) for a JV refinery. The deal was signed during President Hu Jintao's visit to Costa Rica, CNPC said. The 25-year agreement calls for the expansion of the Moin refinery in Costa Rica and the launch of feasibility studies for a new refinery with an annual capacity of 10 million tons.
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