"Refinery starting up again
November 2, 2009, 07:40 (GMT -04:00)
SAN NICOLAS - The Refinery at San Nicolas will become partially operational again. In this, owner and operator Valero potential buyer wants Petro China to observe the refinery's operation and its status. The starting up of facilities will take approximately three weeks.
The definite decision on Whether the Chinese state-owned oil company will take over the refinery will be made after the observation. Meanwhile, Valero is looking for contract workers to operate the relevant partial facilities.
It was only last week, when persistent rumors had circulated that Valero and Petro China had agreed on the sale. Representatives of Petro China had visited Premier Mike Eman last Thursday. He had indicated that the number of Chinese employees, which required Petro China "was less than anticipated. He had no indication on the Chinese wishes regarding tax arrangements.
Former Prime Minister Nelson Oduber (MEP) was announced not so long ago that The negotiations with Petro China have foundered, as the Chinese company had requested the employment of a substantial number of their own workers. In addition, Petro China had supposedly demanded the same tax advantages and exemptions environment, which Coastal as Valero's predecessor had enjoyed at the time."