7 News Belize

PM Says Local Oil Refinery "Ain't Gonna Happen"
posted (November 21, 2012)
And so since the Government never got its IDB Loan, we got to thinking about things you hear about, but never see. That made us think of the oil refinery that the Prime Minister promise din the run-up to the election.

With fuel prices trending down - but still well above ten dollars per gallon - we asked the PM if its ever going to happen:..

Jules Vasquez
"You promise an oil refinery. Ain't gonna happen?"

Hon. Dean Barrow, Prime Minister
"No because we got feasibility study done paid for by ourselves and BNE. Our share came from something we made from back haul arrangement. Bottom-line though, that study shows that it's not feasible in current circumstances at all. I thing we would have to have a quantum increase in oil finds in this country so that the throughput could in terms of volume increase measurably before we could put that back on the table."

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