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Aruba Nights Island Guide
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Thread: what is going on with the refinery?

  1. #1
    Aruba since 1979
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    what is going on with the refinery?

    anyone know what is happening at refinery?

    I have not heard anything in months.
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  2. #2
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    Good morning Andrea,

    That's a great question and I'd like to know what is happening with the facility as well.

    It would be great to see a non-tourism related asset added (or re-added to be more accurate) to the Aruban economic base.


    Glenn
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  3. #3
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    Hi Andrea and everyone else,

    I did a quick search & found the article below. No editorializing from me other than to say it is a complicated issue.



    https://www.argusmedia.com/en/news/1...pgrader?page=1


    Glenn
    Winnipeg, Canada
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  4. #4
    Senior Member schexc's Avatar
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    We have heard no mention of it while we are here. We should have asked our local Aruban friend when we got together, but didn’t even think of it.




    OUR COUPLE'S RETREAT. THE PEARL CONDO HOTEL EAGLE BEACH. CONDO ACCOMMODATES TWO ADULTS. YOU MUST REQUEST UNIT #8. https://photos.app.goo.gl/lRquP1F4VtxyZhR42 RENTING DIRECTLY http://www.thepearlaruba.com/. SEND PM BEFORE BOOKING FOR REFERRAL.
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    Nothing has changed over recent months so no new news. It was and will always remain a bad deal though until we can finally terminate the contract. The new government would have already terminated it if not for the insane clauses in the agreement. Its what happens when you make deals with dictators and narco traffickers. The previous government was warned.
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  6. #6
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    is the work proceeding on the renovation and refit?
    Quote Originally Posted by Arawak View Post
    Nothing has changed over recent months so no new news. It was and will always remain a bad deal though until we can finally terminate the contract. The new government would have already terminated it if not for the insane clauses in the agreement. Its what happens when you make deals with dictators and narco traffickers. The previous government was warned.
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  7. #7
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    Quote Originally Posted by Andrea J. View Post
    is the work proceeding on the renovation and refit?
    https://www.argusmedia.com/en/news/1...pgrader?page=1

    This article is the best one I could find in English, dating from the 20th of September. As far as I know there hasn't been any new updates.

    In the article they state how Aruba tried to get approval from the US for the financing of Citgo, which was denied. However, Aruba was warned beforehand that this was the likely outcome. I will honestly never understand why the previous government signed such a deal. Putting the island at great economic and social risk with all the made up figures in the islands budget.
    Last edited by Arawak; 12-12-2018 at 09:16 PM.
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  8. #8
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    terrific
    thanks for the link

    Quote Originally Posted by Arawak View Post
    https://www.argusmedia.com/en/news/1...pgrader?page=1

    This article is the best one I could find in English, dating from the 20th of September. As far as I know there hasn't been any new updates.

    In the article they state how Aruba tried to get approval from the US for the financing of Citgo, which was denied. However, Aruba was warned beforehand that this was the likely outcome. I will honestly never understand why the previous government signed such a deal. Putting the island at great economic and social risk with all the made up figures in the islands budget.
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  9. #9
    Senior Member GETA62's Avatar
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    Looking for a new investors again.
    https://www.chron.com/business/energ...r-14506814.php

  10. #10
    Senior Member schexc's Avatar
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    Rona gives her version in today’s article.

    From 10/12/2019

    Aruba got the keys of the refinery and terminal back, gushed a nicely laid-out publication. Congratulation dear sheep, GOA reached an MOU with CITGO, the first step towards identifying other interested investors. This is a great achievement for GOA, which comes at very opportune times, as the island is being pressured by the Dutch, to burden the sheep with additional measures.
    But, GOA believes in alternatives, the publication went on, and that’s why it’s so overjoyed by this bit of fresh air, a new opportunity for our country. Congrats Aruba.
    On social media the item was followed by dozens, hundreds of baaing sheep, bleating their approval, and congratulating the wisdom and cunning of the MinPres.
    So fun, so great, we have our precious grandmother of a refinery back, we let Valero off the hook for the massive, costly cleanup, got in bed with an impotent crook, now the hot potato is back in our lap, that’s just fantastic.
    Needless to say that CITGO had a different version, which my friends were fast to forward.
    According to them, CITGO Aruba Holding and GOA agreed to ‘temporary suspend’ the contract until conditions in Venezuela become ideal.
    Lmao, until conditions in Venezuela become ideal, that would probably happen circa 2069, not before, so, we get the keys temporarily, until a democratic transition is ongoing across the border, then the contract resumes!!
    It is still binding, and no, we cannot identify other magical interested investors, because we’re still attached at the hip to the crooks.
    Last edited by schexc; 10-13-2019 at 06:46 AM.




    OUR COUPLE'S RETREAT. THE PEARL CONDO HOTEL EAGLE BEACH. CONDO ACCOMMODATES TWO ADULTS. YOU MUST REQUEST UNIT #8. https://photos.app.goo.gl/lRquP1F4VtxyZhR42 RENTING DIRECTLY http://www.thepearlaruba.com/. SEND PM BEFORE BOOKING FOR REFERRAL.
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