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China to help finance refinery-petchem complex in Ecuador

9:15 AM MST | January 28, 2014 | Francinia Protti-Alvarez

China will help finance a refinery-petrochemical complex in Ecuador's Manabí Province, on the Pacific coast, according to a statement issued by the Ecuadorian vice presidency. The Industrial and Commercial Bank of China (ICBC; Beijing) has pledged its interest in participating in the construction of Ecuador's project, according to various news reports. The Manabí complex would be able to process about 200,000–300,000 bbls/day of crude to produce gasoline, distillates, liquefied petroleum gas, and petrochemicals. The inauguration is scheduled...

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