South Korean firm SK Engineering & Construction to build an oil refinery worth 12.5 billion dollars in Ecuador, the project manager said on Wednesday. “SK will be responsible for construction,” said Carlos Proano, the Pacific Refinery, the company says “they conduct research and assist create a union to finance the project, with export credit agencies and other entities. ”
Government of Ecuador and Venezuela, which supports the project as a means to reduce dependence on U.S. refiners, both to justify the project hope to have berita.Pendukung financial place in July, and began work as quickly as possible, with a target for completion in late 2013.
This project will be built near Montecristi Manta, and, on the beach Ekuador.Meskipun tight credit markets and proposed many similar projects in Latin America, Proano said investors from the UK, South Korea and Japan are interested. ”
Capacity of the plant can refine 300,000 barrels of crude oil per day, which is supplied by state-run company PDVSA of Venezuela and Petroecuador. This project was launched in July 2008 by the presidents of both countries.
