|
Central American Refinery Sites Under Review
The site for the largest Central American project since the Panama Canal could be designated this weekend when regional leaders meet to discuss plans for a US$6.5 billion multinational oil refinery, MexicoŽs energy secretary said Thursday.  Central America nations, along with Mexico, Colombia and the Dominican Republic, will weigh two proposed Pacific Coast sites: Puerto Quetzal in Guatemala and Puerto Armuelles in Panamá, Energy Secretary Fernando Canales told a news conference. The refinery, with a capacity of 360,000 barrels a day, will be able to meet the energy needs of Central AmericaŽs seven nations at US$8 less a barrel than the open-market prices. The plan also includes a regional power grid and a natural gas pipeline, although details of those projects are still being hammered out. The overall project could cost about US$10 billion. Posted by: DanNY 2006-06-02 |
| http://www.rantburg.com/poparticle.php?ID=154700 |