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
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.