In 2008, PDVSA and PetroEcuador agreed to build the "Eloy Alfaro Delgado" Refinery of the Pacific, which reportedly will be the only high-conversion plant on Latin America's Pacific coast. The facility will require an investment of $12 billion, of which Venezuela and Ecuador have so far committed $3 billion. On March 9, Ecuadorean President Rafael Correa announced that more money would be distributed to accelerate the manufacturing of construction equipment. Is preliminary work on the refinery on track to be ready by 2015? Are the right plans in place for the refinery to attract the necessary investment and who would be its likely investors? How would the refinery's completion affect Ecuador's energy sector? Experts discuss what they think about this topic.
Copyright © 2011, Inter-American Dialogue, used with permission from the publishers
Inter-American Dialogue's Latin American Energy Advisor. "Is Ecuador's Refinery of the Pacific on Track?." (2011). http://digitalrepository.unm.edu/la_energy_dialog/174