Aruba Beach
Aruba Nights Island Guide
Page 3 of 3 FirstFirst 123
Results 21 to 23 of 23
Like Tree6Likes

Thread: Any refinery news?

  1. #21
    CK1
    CK1 is offline
    Senior Member CK1's Avatar
    Join Date
    Feb 2011
    Location
    Anywhere where I can see the turquoise-blue ocean
    Posts
    2,285
    There is an update in today's Amigoe.

    Here is the google-translation:

    Reopening San Nicolas refinery closer

    Thursday, November 26th, 2015 13:54

    ORAJESTAD - The old Valero refinery is in good condition. This enables the US oil company Citgo. The company sees business technically good opportunities to breathe new life into the refinery. A week before the deadline Citgo has therefore taken the decision to continue negotiations. Good news, said Economy Minister Mike de Meza. AVP and MEP are cautiously enthusiastic.

    By our reporter

    Bobby Spier

    Richard Arends, Chief of Staff of the Minister of Economic Affairs and senior adviser to Prime Minister Mike Eman, the news confirms to Amigoe. On September 20, the Meza signed a letter of intent with Citgo oil company in Venezuela. That statement underlined the interest of Citgo to take over the US oil company Valero. "This declaration was a number of connected hard deadlines, including by not later than November 30 should give a go or no go," says Arends. And that Citgo has now done a week earlier. "There have been many discussions on technical, economic, environmental and even legal matters and this week Citgo let them decide that they will continue with the project." When asked whether they plant do not find too old, Arends responds : "Not at all. Citgo has said that they find it is economically the perfect place for a business. They even find it extraordinary to see that the refinery is in such good condition, but he is a hundred years old and over three years has not worked. He is well maintained. "

    Heads of agreement

    The negotiations take place about the 'heads of agreement' whose deadline is on December 31st. In the coming weeks we are working on an agreement on the business model. "The heads of agreement to the environmental aspects are discussed, but also the technical and labor sides," explains Arends. Certainty about the reopening therefore does not yet exist there. "We can not say with certainty that the oil refinery opens, we are still in negotiations and that now will only really begin. The whole transfer we need to unwind even further, one can still drop out during negotiations. "However, he argues that we know the end of the year or the oil refinery in San Nicolas opens its doors again. If Citgo taking over the factory, it must be possible in 2016 already come into force.

    http://www.amigoe.com/aruba/218005-h...las-dichterbij

  2. #22
    CK1
    CK1 is offline
    Senior Member CK1's Avatar
    Join Date
    Feb 2011
    Location
    Anywhere where I can see the turquoise-blue ocean
    Posts
    2,285
    Update in Amigoe today:

    Google translation:

    Aruba signs preliminary agreement with Citgo

    Monday, December 28th, 2015 14:50

    Premier Eman, along with ministers De Meza and Croes during the press conference on the preliminary agreement with Citgo.

    ORANJESTAD - The Aruban government has a 'heads of agreement' concluded with oil company Citgo for the lease of the refinery in San Nicolas. This was announced last week by Prime Minister Mike Eman, Energy Minister Mike de Meza and Minister Paul Croes of Labor Affairs during a press conference.

    Writes AriŽn Rasmijn for the Caribbean Network. Wednesday afternoon was already indicated that an agreement between Aruba and Citgo would be imminent. Government adviser Richard Arends however expected until after Christmas would be clinched an agreement. "It suddenly went very quickly", he says Wednesday.

    This is a non-binding agreement between the government and the oil company, in which both parties agree on key points. De Meza this also gets green light to negotiate further with Citgo for a final agreement, the deadline was put on March 31, 2016. The idea is that the owner of the Aruba refinery, which is still owned by Valero. We will need Aruba and Valero still negotiating, explains De Meza. Aruba then leases the refinery to Citgo for a period of between 15 and 25 years, with the option to extend by 10 years. About who might after that period, the decommissioning and remediation on his behalf, is currently being negotiated.

    Lease

    According to De Meza has a lease with Aruba as owner for both parties is best demonstrated by five models from which they could choose. It is still intended that the refinery is a more environmentally friendly operation, including by switching to the use of natural gas as fuel for the refining facilities.

    Also in the agreement that as many jobs at the refinery have to Arubans. De Meza says direct negotiations with Citgo - a subsidiary of the Venezuelan state oil company PdVSA - have lasted a total of two and a half years.

    The minister says the government during the negotiations, the advice and contacts of others sought, inter alia, the Houston resident Venezuelan businessman Roberto Rincon. This businessman was recently arrested by the US authorities on suspicion of bribery of officials of PdVSA.

    Hugo Carvajal

    Rincon would be the owner of several companies on Aruba, and his friends with Hugo Carvajal who has been arrested last year on suspicion of drug trafficking at the request of the American Prosecutor. Carvajal is then put back on at liberty on behalf of the Netherlands. De Meza says he has several times been in contact with Rincon and have had no reason at that time to think that he was engaged in criminal activity.

    Pleased

    Opposition party MEP is pleased that the refinery reopens. That the political party will not get credit for this, it does not make her out, knowing that late MEP parliamentarian Glen Croes. "It is about the welfare of Aruba. What we did strange is that the government in April still managed to report that there are no buyers and that decommissioning is the only realistic option. "The option to acquire the refinery and then to lease as well as the plans for the refining facilities to natural gas run MEP is something that goes back more strongly to make. Croes said in their own words all months back about the vice president of PdVSA.

    http://www.amigoe.com/aruba/219885-a...oord-met-citgo
    Last edited by CK1; 12-28-2015 at 10:50 PM.

  3. #23
    Senior Member WaltVB's Avatar
    Join Date
    Aug 2011
    Location
    Scott's Brats, Iguana Joes, Surf Club
    Posts
    2,751
    Isn't CITGO actually owned by Venezuelan company? I wonder if this will add to the influx of Venezuelans as refinery labor to Aruba?

Page 3 of 3 FirstFirst 123

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Search Engine Optimization by vBSEO