Tag: aruba

Citgo & Aruba sign deal to reactivate refinery

Venezuela's PDVSA unit in the United States, Citgo Petroleum, and Aruba recently signed an agreement to reactivate a 235,000-barrel-per-day refinery on the Caribbean island, an investment designed to help process the South American's oil producer's extra heavy crude.

Valero suspending operations at Aruba refinery

Due to inadequate margins resulting in financial losses, Valero Energy Corp. is suspending operations at its Aruba refinery. Valero, a Texas-based independent oil refiner, acquired the 235,000bpd refinery in 2004 and is considering operating a terminal and storage facility at the site.