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Thread: Interesting article

  1. #1
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    Super Moderator Jacki's Avatar
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    Wow! $700 mil in upgrades and $10 mil in taxes! Sounds like a great deal!
    Jacki ~ loving Aruba from NJ

  3. #3
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    i cannot find anything about this in any of the aruba newspapers or the prime minister's facebook page.
    i wonder if it is for real?

    with oil being in the crapper these days, i would be surprised to see a reopening and rehab.
    then again, nothing should surprise me.

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    Senior Member AUA1989's Avatar
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    I found the same Reuters article and another September 2015 article from marinelink.com stating the same thing; an agreement between Citgo and AUA to explore reactivation of the refinery.

    I too was amazed at the sums of money this current article mentions. Wow.

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    Senior Member ~Amy~'s Avatar
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    This is not actually great news since all shares of Citgo are held by PDVSA of Venezuela (which may be going bankrupt.) There is a refinery in Curacao owned by PDVSA and there are alot of issues that are problematic/dangerous including little to no maintenance.
    ~Amy~ - 35th trip to Aruba: New Years Eve 2017/2018 -- Zihuatanejo, MX: March 2018 -- Ireland: June/July 2018 --
    36th trip to Aruba: Sept. 2018





  7. #7
    Senior Member rob o's Avatar
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    I think Aruba is situated to survive with or without this. Time will tell.

    Interesting, John. Thanks.
    Please contact via e-mail at arubarennowner@gmail.com



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    CK1
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    There is no doubt in my mind that the refinery will be reopened. IMO, it will happen very soon.

    The good part: additional revenue for Aruba, additional jobs for Aruban people and young people, especially in San Nicolas.
    The bad part: the environment will suffer.

    There was already an article in Amigoe on January 20, 2016.

    Excerpt (google translation):

    Upgrade refinery costs Aruba nothing
    Citgo covers account
    Aruba doesn't have to pay a dime to the hundred-Year-old oil refinery in San Nicolas to modernise. If the American oil company citgo reopens the refinery, the cost of modernisation fully on her shoulders. It's an investment of estimated between 600 and 800 million dollars. If Aruba the refinery of valero take over, then the government is responsible for the management fees.
    Read more on our front page or on www.amigoe.com

    There are more updates (in Papiamento):

    Tratamento di presupuesto 2016 a cuminsa den Parlamento

    Posted on 01/26/2016 10:31 am AST | Updated on 01/26/2016 11:22 am AST

    http://www.noticiacla.com/news/4924


    Reunion entre gobierno cu CITGO ta continua dialuna na Aruba

    Posted on 01/18/2016 12:38 am AST | Updated on 01/18/2016 8:24 am AST

    http://www.noticiacla.com/news/4862

  9. #9
    CK1
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    On the FB site of Minister Mike de Meza are numerous updates on the negotiations regarding the refinery.

    Mike de Meza is: Minister of Economic Affairs, Communications,
    Energy, Environment and Vice Prime Minister of Aruba

    Mike de Meza has also been recently in Houston, Texas, for further negotiations with Citgo.

    https://www.facebook.com/Mike-de-Mez...nf&pnref=story

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    CK1
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    Quote Originally Posted by CK1 View Post
    There is no doubt in my mind that the refinery will be reopened. IMO, it will happen very soon.....
    Didn't take long...

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