Costa Rica

Chinese President Xi Jinping waves upon leaving Costa Rica, in San Jose, on June 4. A planned US$1.3 billion project to remodel Costa Rica's only oil refinery with Chinese money was halted on Thursday. Photo: AFP

Costa Rica halts China-funded refinery project

Costa Rica's government halted a US$1.3 billion refinery modernisation largely funded by the Chinese government because of a contractual violation, paralysing the Central American country's biggest investment project.