ICBC Bank of China would finance Pacific Refinery

Minister of Strategic Sectors Rafael Poveda, said yesterday that they are currently in the final stage of negotiations with representatives of Chinese ICBC Bank for 100% financing of the structure of the Pacific Refinery (RDP for its Spanish acronym), which will cost 10 billion dollars.

Poveda noted that last week, Bismarck Andrade, manager of the refinery, traveled to China. “In the coming weeks is arriving a major team of the construction company, and in the coming months we will see a major movement and work in the construction of the refinery”, said Poveda.

According to the general manager of the refinery, the implementing works of the structure would begin in about 10 months.