Saturday 25 September 2021

China Wants To Talk

Paying the bills


Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...

There are potholes and then there are potholes!

QCOSTARICA - Imagine your vehicle being devoured by a...

Today’s Vehicle Restriction September 25: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, Saturday, September 25, vehicles with...

Legislators to begin discussion on reducing the 2022 Marchamo this Monday

QCOSTARICA - The political fractions, except that of the...

No National Census in 2022!

QCOSTARICA - The Instituto Nacional de Estadística y Censos...
Paying the bills


Costa Rica's refinery abandons Chinese oil refinery deal. In the photo the  Moín (Limón) refinery
Costa Rica’s refinery abandons Chinese oil refinery deal. In the photo the Moín (Limón) refinery.

QCOSTARICA – Last week, Costa Rica’s State refinery, the Refinadora Costarricense de Petroleo (RECOPE) decidedt to abandon the US$1.5 billion dollar refinery project upgrade it was working with the China National Petroleum Corp (CNPC).

Today (Monday) the Chinese have called for talks.

- Advertisement -

In 2009, RECOPE and CNPC formed a company called SORESCO, to build a refinery in Moin (Limon). But the project has been paralysed since 2013 by Costa Rica’s Comptroller (Contraloria) after complaints of conflicts of interest in the feasibility studies.

Costa Rica’s decision to break from SORESCO was taken after the Asians negotiated a sale of 90% of its shares with Petroleos Mexicanos (Pemex), confirmed Enrique Rojas Franco, SORESCO’s laywer in Costa Rica.

According to a report by La Nacion, the lawyer says that he traveled twice to Mexico in March to meet with senior executives of Pemex, to negotiate the participation of that company in the project of the new refinery.

“They (Pemex) showed interest and I left them documents…” Rojas said.

Rojas added that it had not yet reported (the Mexico approach) to RECOPE. However, RECOPE’s decision took him by surprise.

Last Thursday, Sara Salazar, RECOPE’s CEO, announced the decision during her appearance a hearing of the Commission on Control on Income and Public Spending.

- Advertisement -

Chinese Foreign Ministry spokesman Lu Kang said he had noted the media reports on the issue, adding that relations have been developing well in recent years.

“As for individual problems that arise during our cooperation, we hope the relevant companies in both countries can continue to increase communication, understand each other’s concerns and find an appropriate resolution,” he told a daily news briefing, without elaborating.

Costa Rica made the surprise move of breaking off its decades-long relationship with Taiwan in 2007, now only recognized by a handful of small countries, including the rest of Central America.

China lent Costa Rica nearly US$400 million in 2013 during a visit by China’s President Xi Jinping.

- Advertisement -

For his part, the Minister of Foreing Relations, Manuel Gonzalez,  said that diplomatic relations between the two nations will not deteriorate by RECOPE breaking with SARESCO.

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

China’s Ruta 32 roadbuilder gets free pass: a two year extension and US$100M

QCOSTARICA - The construction company China Harbor Engineering Company (CHEC) is...

Miss Earth Limón 2021 will crown her queen this Saturday

Q FARANDULA -The people of Limon will forget for a while...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.