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Panama's Plethora Of Refinery Deals Could Make It A Global Energy Hub

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1928/12080

Panama's Plethora Of Refinery Deals Could Make It A Global Energy Hub

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dc.contributor.author Mike Leffert
dc.date.accessioned 2011-02-08T23:26:14Z
dc.date.available 2011-02-08T23:26:14Z
dc.date.issued 2007-05-24
dc.identifier.uri http://hdl.handle.net/1928/12080
dc.description.abstract Panama has signed accords that will make the country home to two new oil refineries. A consortium composed of US-based DuTemp, ControlSud of Luxemburg, and Ecosel of Colombia has signed a deal that creates the Panamanian company EDC. The company will invest US$6.5 billion in a plant that will produce an estimated 250,000 barrels per day (bpd) of gasoline. The ink was hardly dry on that deal when officials signed another with Occidental Petroleum and the country of Qatar to build a 350,000-bpd refinery at a cost of US$8 billion, as President Martin Torrijos looked on. The price tag on each of these plants is more than the US$5.25 billion to be spent on the Panama Canal expansion. The EDC plant is to be something of a gem, a state-of-the-art exercise that will incorporate plasma arc technology to make it, say the promoters, nearly pollution free. Said Alberto Grosso, president of ControlSud International, "The construction of this refinery will bring Panama to greatest importance in Central America and in the world as an energy hub." Sergio Barreto, architect of the plant, said, "It is an ecological refinery with a design that allows us to achieve 100% full conversion, without waste or emissions." en_US
dc.language.iso en_US en_US
dc.publisher NotiCen en_US
dc.subject oil en_US
dc.subject consortium en_US
dc.subject DuTemp en_US
dc.subject ControlSud en_US
dc.subject Ecosel en_US
dc.subject EDC en_US
dc.subject Occidental Petroleum en_US
dc.subject President Martin Torrijos en_US
dc.subject Panama Canal en_US
dc.subject plasma arc en_US
dc.subject technology en_US
dc.subject ecological en_US
dc.subject waste en_US
dc.subject emission en_US
dc.subject natural gas en_US
dc.subject reserves en_US
dc.subject crude en_US
dc.subject greenhouse en_US
dc.subject Guatemala en_US
dc.subject Plan Puebla Panama en_US
dc.subject PPP en_US
dc.subject President Felipe Calderon en_US
dc.subject Reliance Industries Limited en_US
dc.subject RIL en_US
dc.subject thermoelectric en_US
dc.subject power en_US
dc.subject Jamnagar en_US
dc.subject Chevron en_US
dc.subject PEMEX en_US
dc.subject Dow en_US
dc.subject Venezuela en_US
dc.title Panama's Plethora Of Refinery Deals Could Make It A Global Energy Hub en_US
dc.type Article en_US


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