Wow! $700 mil in upgrades and $10 mil in taxes! Sounds like a great deal!
Jacki ~ loving Aruba from NJ
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.
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.
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.
"The happiness of your life depends upon the quality of your thoughts." - - Marcus Aurelius
33rd trip to Aruba - May 2016
San Fran/Napa Valley - Sept. 2016
Barcelona, Mallorca, and Andorra - Nov. 2016
I think Aruba is situated to survive with or without this. Time will tell.
Interesting, John. Thanks.
rob o has left the forum, contact via e-mail at email@example.com
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
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
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.