Radio Havana Cuba

A friendly voice around the world

  • Follow Us on

#NoMasBloqueo #SolidaridadVsBloqueo

Ecuador Seeking Funds from Asia for Oil Refinery

Quito, July 6 (RHC-Xinhua), -- Ecuadoran President Rafael Correa said Tuesday that his country is seeking funds from Asia for the building of an oil refinery.

An Ecuadoran delegation is touring South Korea, China and India for funds for the mega project, Correa told reporters.

Asian countries are interested in this refinery because they lack energy while countries such as Ecuador are short of funds, said Correa, suggesting that a long-term partnership would benefit both.

The president expressed confidence that construction of the project in the western Manabi province would start by the end of his term in May 2017, saying it has been long overdue.

The refinery, which is estimated to cost 13 billion U.S. dollars, has a designed capacity of 300,000 barrels of crude a day. 

Edited by Pavel Jacomino
Commentaries
MAKE A COMMENT
  • U.S. Republican lawmakers favor agricultural trade between Cuba and the United States
  • RHC's Caribbean Outlook Show
  • Terrible week in Guatemala
  • Colombians in awe due to threat of disaster at hidroituango dam
  • Cuba condemns OAS' interference in Venezuela's internal affairs
  • U.S. imperialism has not succeeded in destroying Puerto Rican nationalism
NUMBER OF HITS/VISITORS

4844090

  • Max: 19729
  • yesterday: 3693
  • today: 1953
  • online: 111
  • total: 4844090