Occidental Panama refinery verdict unlikely this yr
Monday, August 06 2007 @ 11:09 AM UTC
Contributed by: Don Winner
The proposed refinery is expected to be located at Puerto Armuelles, on Panama's Pacific coast and close to the border with Costa Rica.
Panama's deputy minister for trade, Manuel Jose Paredes, said he was sure the project would go ahead.
He said this and other projects under consideration could help Panama "play an important role as an energy center for the region."
He confirmed a consortium led by Spain's Tecnicas Reunidas S.A. had put forward proposals to build a multibillion dollar pipeline that would traverse the isthmus from Panama City to the Atlantic port of Colon, although he said the project was in the early stages. (Reporting by Andrew Beatty in Panama City)