RECOPE should consider options before making new refinery say experts

    Must Read

    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    Limon Costa Rica (TCRN) – A number of experts agree that building a new refinery in Costa Rica may not be such a good idea and it be better to consider other options before taking on a $1 billion+ debt and commitment to to the government of China. Some have called it another China Petroleum project, one of many initiated by China all over the world.

    The “Criticism of Financial and Social Assessment” report by economist Carlos Leiva, presents a series of arguments against the new refinery that RECOPE intends to build.

    TIP: Get our latest content by joining our newsletter. Don't miss out on news that matter in Costa Rica. Click here.

    According to Lewis, RECOPE should conduct feasibility studies and cost to benefits on other options such as natural gas solutions.
    Another concern are the how the numbers have been constructed, a former official of Recope, Juan Antonio Rodriguez, said the project was conceived based on the price difference when buying raw product, rather than finished product.

    According to an analysis by Rodriguez, construction costs, operation and maintenance of the new refinery would generate an increase of $25 per barrel, extra costs that the consumer would ultimately pay for

    The Ombudsman, meanwhile, is under investigation on the possible implications that this project would have on the country and the impact on the end user in fuels.

    The Costa Rica News (TCRN)
    San Jose Costa Rica
    Category: Costa Rica in the News

    LIKE THIS ARTICLE? Sign up to our newsletter and we will send you updates of our latest content as soon as they are available. Click here.

    - Advertisement -
    - Advertisement -

    Latest News

    Tips to Prevent Back Pain

    Preventing back pain is something that we do not usually attend to and that should change, since it has...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »
    Be Part of the Community!
    Stay Up To Date And Connected

    and engage with likeminded folks on Costa Rica


    13 Years Changing The Way You Look At News!

    Get TCRN In Your Inbox & Never Miss Any News That Matter In Costa Rica!