Petrogolfo Plans Refinery in El Salvador

Petrogolfo, a U.S. company in the energy sector, plans to relocate a center in Texas and open a $600 million refinery that will process from 30 thousand to 40 thousand barrels of oil a day, and has already signed a memorandum of understanding with the Mayor of the City of Acajutla, El Salvador.

Once plans have been finalized, construction of the plant will take about 26 months, local officials told ElSalvador.com.

Jorge Rodriguez, vice president of the Association of Service Station Dealers (Adepetro), said "the company's vision is to turn El Salvador into a self-sufficient country regarding the demand for petroleum products, and to meet regional demand", he is quoted as saying on the website.

Source: elsalvador.com

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