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  1. #11
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    Prime Minister Mike Eman announces officially the reopening of the refinery. Video at his FB (in Papiamento) and reactions of the people in Aruba:

    Refineria ta habri bek

    https://www.facebook.com/mike.eman?fref=ts

  2. #12
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    Today (Friday, 13th) is as well Minister Mike de Meza's birthday. He was always a big supporter to have the refinery reopened. Post on his FB:

    Project Runway Has Nothing On These Models.
    Happy Birthday Minister de Meza wishing you all the best for years to come and that you may keep on guiding this Island in the right direction. Your biggest dreams is coming true on your birthday enjoy that special gift you worked so hard for. Only you and your family together with some close friends know the sacrifice you have made to make it happen. God Bless & One Love

    https://www.facebook.com/mike.demeza.7?fref=ts

  3. #13
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    Fri May 13, 2016 6:06pm EDT Related: Stocks, Markets

    Aruba, Citgo reach deal to reopen idled refinery -official

    May 13 Aruba and Venezuelan PDVSA's refining unit Citgo Petroleum reached a deal to lease and restart an idled 235,000-barrel-per-day refinery, the government of the Caribbean island said late on Friday.

    The agreement involves a 25-year lease that would allow Citgo to operate the refinery after investing in an overhaul.

    (Reporting by Sailu Urribari in Oranjestad; Writing by Alexandra Ulmer; Editing by Chris Reese)

    http://www.reuters.com/article/aruba...-idUSL2N18A24C

  4. #14
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    UPDATE 1-Citgo reaches deal to lease and restart idled Aruba refinery

    Fri May 13, 2016 10:50pm GMT

    By Sailu Urribarri

    ORANJESTAD May 13 (Reuters) - The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000-barrel-per-day refinery in Aruba, the government of the Caribbean island said on Friday.

    The agreement involves a 25-year lease that would allow Citgo to operate the refinery after investing in an overhaul that Aruba said could cost at least $1 billion.

    The idled refinery, formerly operated by Valero Energy Corp , could be up and running again within 1-1/2 to two years.
    "The agreement is completely formalized," said Aruba's Energy Minister Mike de Mesa, adding that details would be announced "shortly."

    Valero halted refining operations in Aruba in 2012 due to low profit and classified the facility as "abandoned" in 2014, except for terminals currently used by the U.S. company and PDVSA, as the Venezuelan state oil company is known.
    Caracas-based PDVSA did not immediately respond to a request for comment.

    Aruba would offer a good way for PDVSA to produce heavy naphtha that it currently imports as diluent for its extra heavy oil output, and it would also produce refining feedstock for Citgo, sources told Reuters earlier this year.
    Aruba's parliament now needs to approve the contract, a formality that is expected to take two weeks. Re-opening the refinery would be a big boost for the small island's economy.

    (Additional reporting by Alexandra Ulmer in Caracas and Marianna Parraga in Houston; Writing by Alexandra Ulmer; Editing by Tom Brown)

    http://af.reuters.com/article/energy.../idAFL2N18A264

  5. #15
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    How is Venezuela going to pay for this? They owe China more than 440 million dollars just for the high-speed railway that was just officially shutdown yesterday. This project is doomed for failure if it is going to be financed by Venezuela...

  6. #16
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    Amigoe article - Google translation:

    Reopening refinery planned on August 1

    Saturday, May 14 2016 12:46

    SAN NICOLAS - The Land Aruba is definitely owned the oil refinery in San Nicolas. The US oil company Citgo, a subsidiary of the Venezuelan state oil company PDVSA, then leases the refinery for at least fifteen years from the government. The reopening is scheduled for August 1 of this year, as the government announced yesterday afternoon.

    The current owner sells the Valero refinery for a symbolic amount to Aruba. That says Energy Minister Mike de Meza in talks with Sharina Henriquez of the Caribbean Network. A cleaning plan, containing about 19 million florins, is also transferred. Not redundant, because the land on which the refinery is, is heavily polluted. Daily Herald this week wrote extensively about the uncontrolled asbestos storage at the Valero terrain and the fire showed when known that in addition to asbestos, most likely also other, perhaps more dangerous, is waste.

    The Carbisch Network write that Citgo in future departure must leave behind a clean surface. But for the eradication of the most pollution, especially in the land, the company will not be held responsible. "Unfortunately that precedent already created in 1989 when all businesses are exempt," the minister says now. For cleaning, according to him twenty or thirty million dollars needed and even then it will never be more suitable for housing, for most industries.

    Green refinery
    The 'greenest refinery in the western hemisphere' praises Prime Minister Mike Eman during the official announcement of the deal with Citgo. Unlike before, the refinery stop turning on oil but on gas. It goes through a pipeline to Paraguana, the nearest piece of Venezuela, and then to the terminal in San Nicolas where the refinery is. Gas creates less greenhouse gas emissions. According to the Government at least 20 percent less CO2 and as refinery runs once the plan is to collect the rest of emissions and to breed algae for the production of soap, proteins and dyes. That is new, in the sense that for the first time on an industrial scale will happen.

    Additionally promises De Meza, who is also Minister of Environment, which are a whole lot of rules "in the contract to leak like they used to prevent and tackle. When asked which they were based, because Aruba has no environmental law, he says: "That is almost finished and is coming soon. The rules for Citgo already comply with the law. "Both the Meza as Prime Minister Eman did not think the reopening of the refinery now will lead to criticism in the international community. Aruba has done much to his reputation as a green island and striving to be sustainable 100 percent is widely praised across the border in 2020. "That 100 percent is unrelated to the refinery. That's about the way you generate energy, water and electricity for households. And we just keep on going, "said Eman. Citgo will also sell local fuel, but this does the Prime Minister that he transport on the island completely sustainable, hybrid or electric, "wants.

    Deal

    The contract with Citgo will be signed soon, but first parliament has yet to decide on a number of legislative amendments. As the government focuses on two stands: one who is responsible for running the refinery and the other for sales. August 1 is the official date for the opening. Then it will take another two years before the plant is running at its full capacity of 209,000 barrels per day. And which is more, says De Meza, because there is also interest in expanding this capacity. After the lease period of fifteen years, Citgo also has the option to extend the contract by ten years.

    Bahia

    The reopening of the oil refinery in San Nicolas is very likely result in the Spanish hotel chain Bahia Principe does not continue its plans for a hotel project worth 200 million florins in Ceru Colorado. Lawyer Ronald Wix, who represents the parent company Grupo Pinero, late in a first reaction to Amigoe know that it is basically 'end of story' for his client. He's going this weekend or Monday to contact his client to see what they do next. Legal steps are not excluded, he announced earlier.

    http://www.amigoe.com/aruba/227703-h...-op-1-augustus

  7. #17
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    Valero wouldn't pay the estimated $1 billion to overhaul the refinery, why, with low petroleum prices, would Citgo/PDVSA? Makes zero sense. Another fiasco for the socialist government that has done NOTHING good for its people.

  8. #18
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    there are PLENTY that agree with you lisa!!!
    Quote Originally Posted by Arubalisa View Post
    Valero wouldn't pay the estimated $1 billion to overhaul the refinery, why, with low petroleum prices, would Citgo/PDVSA? Makes zero sense. Another fiasco for the socialist government that has done NOTHING good for its people.

  9. #19
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    It's very disappointing that there has not been a clean-up in the past and it seems there will not be one in the future.

    IMO, it would not matter if there is a socialistic or a capitalistic government in place as they all have the same goal, IMO: to get the best deal by making the most profit from the refinery, investing only a minimum (rebuilding the refinery and cleaning up the old mess) and having a minimum or no responsibility for present or future messes/accidents. It's all a matter of negotiation. It seems to me, Minister Mike de Meza and people who support him wanted desperately a deal to reopen the refinery and were probably willing to make compromises and concessions like "who will be responsible to clean up the old mess and who will be responsible for the clean-up in the future".

    According to the article:

    The Carbisch Network write that Citgo in future departure must leave behind a clean surface. But for the eradication of the most pollution, especially in the land, the company will not be held responsible. "Unfortunately that precedent already created in 1989 when all businesses are exempt," the minister says now. For cleaning, according to him twenty or thirty million dollars needed and even then it will never be more suitable for housing, for most industries.

  10. #20
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    I have been looking for some info on the clean-up and came across this article dated March 22, 2016.

    Aruba refinery to begin hiring workers in April for plant repairs, upgrades

    03.22.2016 |


    A team of Citgo technicians has been working since 2015 on a plan to restart and upgrade the plant. Catalysts used at Aruba's hydrodesulfurization unit (HDS) were removed several weeks ago.


    Keywords:

    HOUSTON, March 22 (Reuters) -- The refinery in Aruba plans to start hiring workers in April to repair and upgrade the 235,000-bpd plant, while its proposed new operator, Citgo Petroleum, continues talks with the government to sign a contract to lease the idled facility, sources close to the deal told Reuters.


    Talks between Citgo -- the US refining unit of Venezuela's PDVSA's -- and Aruba's government started last year for an agreement on a 25-year lease. A memorandum of understanding was signed in September in Houston, where Citgo is based, to explore upgrading and restarting the facility.


    Talks between the parties have progressed, one of the sources said, but they are far from setting a date to begin restarting the refinery, which could last up to two years before production resumes for the first time since 2012.


    Aruba's Prime Minister Mike Eman told journalists last week that talks continued, but he declined to elaborate as details could not be provided in the middle of negotiations.


    A team of Citgo technicians has been working since 2015 on a plan to restart and upgrade the plant. Catalysts used at Aruba's hydrodesulfurization unit (HDS) were removed several weeks ago, according to a source from the refinery.


    Former operator Valero Energy halted Aruba in 2012, keeping only its storage terminal operating, and in 2014, it classified it as "abandoned." The US company paid $465 million when it bought the refinery in 2004.


    (Reporting by Marianna Parraga and Erwin Seba in Houston, additional reporting by Sailu Urribarri in Oranjestad; Editing by Bernadette Baum)

    http://www.hydrocarbonprocessing.com...-upgrades.html

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