Aruba ends contract with Citgo to operate island refinery -PM

Oct 9 (Reuters) – Aruba on Wednesday reached an agreement with U.S. based Citgo Petroleum Corp. to end its contract to refurbish and operate the island’s refinery, a statement from the island’s prime minister said.

The Caribbean nation plans to pursue outside candidates to take over the 209,000 barrel per day refinery, said Prime Minister Evelyn Wever-Croes. The refinery has been idled due to U.S. sanctions on Citgo’s parent Venezuelan state oil firm PDVSA. (Reporting by Sailu Urribarri; writing by Gary McWilliams, editing by Deepa Babington)

This post was originally posted on Reuters: Company News – View Original Article

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Have lived and invested in Venezuela full time for the last eight years and visited for each of twelve years prior to that. Studied and closely followed developments in Venezuela since 1996.