Aruba refinery to start hiring staff in April to repair plant

March 21, 2016 4:08 PM
ORANJESTAD - The refinery in Aruba plans to start hiring workers in April to repair and upgrade the 235,000-barrel-per-day plant, while its proposed new operator, Citgo Petroleum, continues talks with the government to sign a contract to lease the idled facility, sources close to the deal told Reuters.
 
Talks between Citgo, Venezuelan PDVSA's refining unit, and Aruba's government started last year for an agreement on a 25-year lease. A memorandum of understanding was signed in September in Houston, where Citgo is based, to explore upgrading and restarting the facility.
 
Talks between the parties have progressed, one of the sources said, but they are far from setting a date to begin restarting the refinery, which could last up to two years before production resumes for the first time since 2012.
 
Aruba's Prime Minister Mike Eman told journalists last week that talks continued but declined to elaborate as details could not be provided in the middle of negotiations.
 
A team of Citgo technicians has been working since 2015 on a plan to restart and upgrade the plant. Catalysts used at Aruba's hydrodesulfurization unit (HDS) were removed several weeks ago, according to a source from the refinery.
 
Former operator Valero Energy halted Aruba in 2012, keeping only its storage terminal operating, and in 2014, it classified it as "abandoned." The U.S. company paid $465 million when it bought the refinery in 2004.
 

Lawyer Roeland Zwanikken considers legal action against ABN AMRO Bank

May 08, 2021 6:14 PM
THE HAGUE--Attorney-at-law Roeland Zwanikken at St. Maarten’s BZSE law office is considering legal action against the intention of the Dutch ABN AMRO Bank to close the bank accounts of its clients in the Dutch Caribbean.

Fiscaal onderzoek bij notariskantoren vinden doorgang

May 07, 2021 8:04 AM
In het Antilliaans Dagblad: Fiscaal onderzoek bij notariskantoren
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Juridische miljoenenstrijd tussen BNP Paribas en Italiaanse prinses verhardt

February 22, 2021 4:51 PM
  • Bezit van Italiaanse Crociani-familie op Curaçao mag van rechter worden verkocht
  • De Crociani's ruziën al jaren met BNP Paribas over een claim van $100 mln
  • Curaçaos trustkantoor United Trust heeft 'geen enkele relatie meer' met Camilla Crociani
Een Italiaanse prinses met zakelijke belangen in Nederland heeft het onderspit gedolven bij diverse rechtbanken in een langslepend conflict met zakenbank BNP Paribas.