(EnergyAsia, January 24 2014, Friday) — Chinese state-owned Industrial and Commercial Bank (ICBC) will provide 70% of the financing for the estimated US$10 to $12 billion cost to build Ecuador’s delayed refinery in the western coastal province of Manabi. With the financing agreement in place, Ecuador’s President Rafael Correa said China National Petroleum Corp (CNPC)…
CHINA: ICBC to provide 70% of financing, CNPC to take 30% stake in Ecuador’s US$10-12 billion refinery
Posted on January 24, 2014 by EnergyAsia