Colombia to complain against CB&I over multi-billion dollar refinery overruns

The Colombian government is preparing a complaint against contractor Chicago Bridge & Iron NV, which directed construction on the newly renovated Reficar refinery, after accusations bad management sent the project some $4 billion over budget. The refinery, part of state-run oil company Ecopetrol , reopened late last year after a multi-billion-dollar overhaul meant to increase its capacity from 80,000 barrels per day to 165,000.

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