Valero aims for Aruba repairs to wrap up mid-May – Caribbean By David Casallas Business News Americas Published Tuesday 4/29/08
Texas-based refiner Valero Energy (NYSE: VLO) expects repairs to the vacuum tower at its Aruba refinery to be completed by mid-May, company CFO Mike Ciskowski said in a webcast.
The work on the tower, which had been affected by a fire in January, previously was to have wrapped up mid-April.
In related news, company CEO Bill Klesse said the company plans to complete the refinery’s sale process this quarter after the repairs are completed.
Although the name of the potential buyer has not been disclosed, Brazilian federal energy company Petrobras’ (NYSE: PBR) international operations director Jorge Zelada earlier this month said Petrobras was studying plans to purchase the refinery.
The Aruba refinery has throughput capacity of 275,000b/d and employs 775.