Investors Hangout Stock Message Boards Logo
  • Home
  • Mailbox
  • Boards
  • Favorites
  • Whats Hot!
  • Login - Join Now!
Treaty Energy Corporation TECO
Posted On: 12/11/2012 5:12:48 AM
Post# of 39368
Avatar
Posted By: BULL2222

Study shows Belize oil refinery not feasible



Dean Barrow



The United Democratic Party’s campaign manifesto going into General Elections earlier this year included the prospect of establishing a national oil refinery.  In fact, during a press conference unveiling the UDP’s platform, P.M. Barrow said he was, “absolutely determined that there will be the construction of an oil refinery in this country.  We have to start processing our own local crude.” Since being re-elected, however, the Barrow Administration has been rather silent on that promise.  Today the prime minister told the media that after conducting a preliminary study, setting up a refinery in Belize would not be practical.



Prime Minister Dean Barrow


“We had a study done.  We had a feasibility study done, paid for by ourselves and BNE.  Our share came from something we made off a backhaul arrangement we had allowed B.N.E. to have done.  Bottom line though that study shows that it’s not feasible in current circumstance at all.  It’s not going to, in terms of the throughput and the economies of scale, they aren’t there so that it would not result in any appreciable lowering of the price to the consumer at all.”














(0)
(0)









  • New Post - Investors HangoutNew Post

  • Public Reply - Investors HangoutPublic Reply

  • Private Reply - Investors HangoutPrivate Reply

  • Board - Investors HangoutBoard

  • More - Investors HangoutMore

  • Keep Post - Investors HangoutKeep Post
  • Report Post - Investors HangoutReport Post
  • Home - Investors HangoutHome
  • Mailbox - Investors HangoutMailbox
  • Boards - Investors HangoutBoards
  • Favorites - Investors HangoutFavorites
  • Whats Hot! - Investors HangoutWhats Hot!
  • Settings - Investors HangoutSettings
  • Login - Investors HangoutLogin
  • Live Site - Investors HangoutLive Site