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Valero will shutdown Aruba Refinery for 3 months.

Home Forums Refining Community Refinery News Valero will shutdown Aruba Refinery for 3 months.

This topic contains 3 replies, has 2 voices, and was last updated by  Anonymous 11 years, 10 months ago.

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  • #3081

    Freddy Martinez
    Participant

    [8|]

  • #6101

    Anonymous

    Do we know why Valero is shutting the Aruba Refinery down for 3 months?
     
    Also I thought Petrobras was buying the refinery?!?

  • #6084

    Charles Randall
    Participant

    I posted update on Aruba S/D for Jul-Aug 2009 under the Coker News section (reason will be ~ bad economics/low demand-high crude price).
     
    COP & Petrobras were both looking at Aruba along with others in 1H2008 but it broke down due Valero price expectations & capital investments it would require – Aruba doesnt make any gasoline product. Also Petrobras decided to buy out other half of Houston Refinery it owns & step up investment in +63 offshore rigs by 2012 due all heavy crude field finds (check previous articles posted on Refinery & Coker sections).
    Hope this helps
    Charlie

  • #6068

    Anonymous

    Valero Energy Corp., the largest U.S. refiner, said it has completed the shutdown of its refinery in Aruba and will keep it closed for at least two months because of low profit margins.

    Valero will re-evaluate economic conditions in two to three months and decide then whether to restart refinery units, Bill Day, a Valero spokesman, said in an e-mail.

    The 275,000-barrel-a-day refinery is the third largest in the Caribbean. The largest refineries in the Caribbean are the Hovensa refinery in the Virgin Islands, followed by the Isla plant in the Netherlands Antilles owned by Petroleos de Venezuela SA.

    The plant processes lower-cost, heavy sour crude oil, according to the company’s Web site. The distillates, intermediate refinery feedstocks and blending components it produces are sold in U.S., South American and European markets.

    http://www.bloomberg.com

    as printed in the Houston Chronical

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