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Details are emerging about the upgrade of the Soviet-era refinery at Cienfuegos.
The China National Petroleum Corp (CNPC) will undertake a $6-billion expansion project at the Cienfuegos refinery in 2011, financed by China's Eximbank and backed by oil guarantees from Venezuela.
Completion is scheduled for 2013.
The refinery's capacity will grow to 150,000 barrels per day from 65,000.
Also scheduled for construction are a liquefied natural gas terminal with capacity to process 2 million tons of gas annually, and a 150 megawatt electricity generation plant.
FOR MORE DETAIL, SEE PREVIOUS POST:
http://thehypervigilantobserver.blogspot.com/2010/10/cuba-cienfuegos-refinery-expansion-to.html
