(Energy Analytics Institute, 30.Mar.2016, Clifford Fingers III) – While Ecuador continues to seek financing from foreign investors looking to invest in the estimated $13 billion Pacific Refinery project, the country continues to reserve an interest for Venezuela.
“Venezuela is part of the project and is a strategic partner that will have an approximate 30 percent interest in the project,” reported the daily newspaper El Universo, citing Strategic Sector Coordinating Minister Rafael Poveda.
“To-date, Venezuela has made the necessary contributions as required,” said Poveda. In the future when the project advances to the construction phase it is expected that Venezuela will continue to contribute its allocated contributions to the project, he said.
****