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Andean Group - February 2016 (ISSN 1741-4466)
COLOMBIA ECONOMY & POLITICS: Reficar hit by corruption scandal
The Refinería de Cartagena (Reficar), Colombia’s newest and largest oil refinery, may have only come on stream a few months ago but already it has been hit by corruption allegations involving massive cost overruns related to its US$8bn upgrade project. The case, which is now under investigation, has raised alarm about a lack of control in the awarding of lucrative government contracts.
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