Mexico’s controversial Dos Bocas oil refinery project will indeed be built despite investor criticism, Mexican Energy Minister Rocio Nahle said during a radio broadcast on Thursday, reported by Reuters . Mexico’s refinery plan has drawn criticism from investor and ratings agencies who estimated that the true cost of the refinery is likely between $10 billion and $12 billion —billions more than the $8 billion that Mexico is prepared to allocate for the refinery that Mexico hopes will bring it closer to energy independence by lessening its reliance on refined product purchases from the United States. The original plan was to utilize foreign firms—with their foreign know-how and expertise to complete the 340,000 barrel per day refinery. Mexico invited Technip, KBR, and Bechtel and Techint, and WorleyParsons and Jacobs Engineering Group to bid on the project. But all bidders quoted amounts much higher than the $8 billion that Mexico hoped […]