Thursday 17 June 2021

China Wants To Talk

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.

- Advertisement -

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.

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 -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"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

Puerto Viejo, Limon, Costa Rica

  Photo by digitaltravelcouple, "In Puerto Viejo we were located on the...

Ruta 32 closed again, third night in a row!

QCOSTARICA - For the third consecutive night, the Ruta 32, which...

MOST READ

Despite investigation, construction of road works by H. Solís will continue

QCOSTARICA - Five major road works under the responsibility of the H. Solís company will continue in development despite investigations for alleged corruption involving...

Southwest adds yet another route to Liberia, now from Denver

QCOSTARICA - Southwest airlines will add a new route to the Daniel Oduber International Airport, in Liberia, this time connecting with the city of...

“Caso Cochinilla”: Name arose when comparing parasite with hidden corruption

QCOSTARICA - On Monday, the Organismo de Investigacion Judicial (OIJ) moved to the raid, seize and arrest of their investigation into corruption of public...

Ortega government accuses imprisoned opponents of receiving money from the United States to overthrow him

TODAY NICARAGUA – The Nicaraguan government assures that the imprisoned political opponents detained on charges of “inciting foreign intervention” are “usurpers” financed by the...

New Television Program To Promote Family Fun

Q ENTERTAINMENT - Attention families of Costa Rica! A new contest program, led by Douglas Sánchez and Verónica González, is looking for participants who...

Your cell phone can now notify you if you had contact with a positive case of covid-19

QCOSTARICA - Fifteen months after the national emergency against covid-19 was declared, Costa Ricans will have a digital platform where you can be notified...

On Monday the vehicle restriction will change, again

QCOSTARICA - In times of pandemic, things change constantly, especially when it is necessary to tighten the belt to reduce the contagion of covid-19. The...

Tourism’s path to recovery

QREPORTS - A new travel trends research paper released today by Tripadvisor®, the world's largest travel guidance platform, reveals that vaccine rollouts globally are...

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when it was announced that public officials had allied with construction companies that, apparently,...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.