Aruba refinery restart. Nov 18, 2025 · Aruba and the Netherlands launch the transformation of the former Lago Refinery into a sustainable hub for clean energy, innovation, and inclusive development. 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 Citgo Petroleum Corp. In July 2020, the Aruban government began seeking a new operator for the refinery and terminal assets. Valero Energy Corp. Reuters reports that the island Aruba and Venezuelan PDVSA's refining unit Citgo Petroleum postponed a deadline to reach a final agreement to lease and restart an idled 235,000-barrel-per-day refinery, the government of the Valery Energy Corp. ? San Antonio-based Valero closed the 235,000-barrel-a-day plant in the Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the government of the Caribbean Officials with the Valero Aruba Refinery announced today that maintenance would soon begin at the refinery with the aim of potentially restarting the refinery later this year, unless economic conditions deteriorate. Aruba Utility Celebrates Final Takeover of Fourth W�rtsil� Power Plant over 20 Year Partnership Restart of Aruba Refinery will Increase PDVSA Operational Flexibility Seadrill Announces Contract Award for the West Capella Offshore Aruba Venezuela and Aruba Sign Agreement to Reopen Refinery Aruba Oil & Gas 1 Citgo Petroleum Corp. 14. plans to begin the restart of its Aruba oil refinery “within the next several days,” the company said in an e-mailed statement. Valero Energy Corp said o n M onday it will halt operations at its 235,000 barrel-per-day Aruba refinery by the end of March, the second time since 2009 that the plant has been forced to shut due Citgo Aruba Holding has reached an agreement with Refineria di Aruba NV for the official transfer of operatorship of former Valero Energy Corp. Nov 12, 2025 · The historic decision by the Government of Aruba to permanently close a chapter of nearly a century of oil industry and open a new path toward a sustainable future has received wide attention in the Dutch press, including NOS, Trouw and others. Both announcements represent a boost to Aruba’s economy. is moving toward restarting the 235,000-b/d refinery in Aruba that it idled in July 2009 because of poor economics. Venezuelan state-owned PdV's US refining subsidiary Citgo has shelved plans to restart and upgrade Dutch-controlled Aruba's 235,000 b/d refinery, but the firm is actively using the facility for logistics in spite of tensions between Caracas and the Dutch Caribbean. Nov 10, 2025 · In a historic announcement made with the San Nicolas refinery in the background, Aruban Prime Minister Mike Eman and Dutch Prime Minister Dick Schoof confirmed that the refinery will be permanently dismantled, marking the official end of Aruba’s oil refining era. Aruba Prime Minister Mike Eman told local media last month that the government was interested in restarting the refinery, and that PDVSA would operate it if talks with Valero were successful. Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) had to shut down the Visbreaker and Hydrogen 1 units this week at its refinery in Aruba. After a few years of studying potential restart options, CITGO ultimately decided not to proceed with those efforts and returned control of the 235 MBPD facility back to the island government of Aruba in late 2019. said Thursday it may restart its Aruba refinery later this year ?unless economic conditions deteriorate. Nov 10, 2025 · The former Lago Refinery in San Nicolas will be completely dismantled and repurposed for sustainable and inclusive development. The November 11, 2015 [Reuters] - Venezuela's PDVSA and its unit in the United States, Citgo Petroleum, are studying various options to restart the Aruba refinery in the Caribbean, a top official at the state-run oil firm said. Aruba is transforming its former refinery area into a hub for sustainable industries, innovation, and clean energy, marking a new chapter in the island’s economy. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012. Petroleum Refining Valero Works to Restart Units at Aruba Refinery Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) had to shut down the Visbreaker and Hydrogen 1 units this week at its refinery in Aruba. , an indirect wholly owned subsidiary of Petroleos de Venezuela SA (PDVSA), and the government of Aruba are moving forward with a previously announced program to restart Valero Energy Corp said o n M onday it will halt operations at its 235,000 barrel-per-day Aruba refinery by the end of March, the second time since 2009 that the plant has been forced to shut due Citgo Aruba will invest $450-650 million to transform the refinery into a plant designed for upgrading extra-heavy crude from Venezuela’s Orinoco belt, Citgo and PDVSA said. Aruba, one of the many tourist magnets in the Caribbean, is mulling the restart of a crude oil refinery after the pandemic devastated the global tourist industry. Jul 2, 2020 · The government said it plans to announce results of this first phase of the refinery restart process by Aug. said Monday it would indefinitely suspend production at its Aruba refinery at month's end because the plant isn't profitable. The Aruban government and its wholly owned Refineria di Aruba NV (RdA) have initiated the process to attract a new operator, as well as new investors, for former Valero Energy Corporation’s 235,000-b/d refinery and terminal in San Nicolas, Aruba, following official termination in early 2020 Aruba is betting on Quanten Consortium Aruba and Eagle LNG to restart a dismantled oil refinery and develop the surrounding site in an ambitious initiative promoted by the US government. said its Aruba refining subsidiary is ready to restart the 235,000-b/d refinery it idled in July 2009 because of poor economics (OGJ Online, June 8, 2010). Aruba and Venezuelan PDVSA's refining unit Citgo Petroleum reached a deal to lease and restart an idled 235,000-barrel-per-day refinery, the government of the Caribbean island said late on Friday. Never miss a trade again with the fastest news alerts in the world! This headline only article is a sample of real-time intelligence Benzinga Pro traders use to win in the markets everyday. Aruba looks to Houston after ending refinery deal with Citgo 10 3 Comments William Hurt Principal Engineer/Project Manager 6y. The 235,000-barrel-per-day refinery was operated buy U. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012 Aruba is transforming its former refinery area into a hub for sustainable industries, innovation, and clean energy, marking a new chapter in the island’s economy. Catalysts used at Aruba's hydrodesulfurization unit (HDS) were removed several weeks ago. Valero Energy Corp <VLO. N> said on Monday it will halt operations at its 235,000 barrel-per-day Aruba refinery by the end of March, the second time since 2009 that the plant has been forced Valero Energy Corp said Monday that some of the units at its fire-stricken refinery in Aruba are on circulation, but there was still no timeline for restarting the refinery, a company spokesman said. The San Antonio-based refiner cited weak margins Valero Energy Corp. announced Monday that it will convert its shuttered oil refinery on the southern Caribbean island of Aruba into a fuel storage facility, leaving hundreds of employees jockeying Fbruary 15, 2016 [Reuters] - Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the government of the Caribbean island, sources at the facility and firms involved told Reuters on Saturday. Want The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000-barrel-per-day refinery in Aruba, the The refinery-wide maintenance which will prepare all of the refinery's production units for restart, will begin in the next few weeks and is expected to last about 90 days, Valero said. Adds background throughout, challenges to restart. Citgo Petroleum and the government of Aruba have postponed the deadline for an agreement to restart the idled Aruba refinery, Reuters reports. Quanten Consortium Aruba and Eagle LNG are considering the restart of a dismantled oil refinery in Aruba and the development of the surrounding site, in an ambitious initiative promoted by the US government. At the time of the signing, Valero executives also announced that the Valero Aruba Refinery has completed a plantwide program to get refinery units ready to restart, and that the restart process will begin within the next several days. N> plans to bring its 235,000 barrels-per-day Aruba refinery out of turnaround "in a few more weeks," said company spokesman Bill Day on Wednesday. The agreement involves a 25-year lease that would allow Citgo to operate the refinery after investing in an overhaul that Aruba said could cost at least $1 billion. Citgo Aruba Holding has reached an agreement with Refineria di Aruba NV for the official transfer of operatorship of former Valero Energy Corp. Feb 5, 2026 · Valero Energy Corp. Citgo Aruba will invest $450-650 million to transform the refinery into a plant designed for upgrading extra-heavy crude from Venezuela’s Orinoco belt, Citgo and PDVSA said. announced Monday that it will convert its shuttered oil refinery on the southern Caribbean island of Aruba into a fuel storage facility, leaving hundreds of employees jockeying for positions at the downsizing operation. ’s 235,000-b/d refinery and terminal Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U. S. Venezuela's PDVSA and its unit in the United States, Citgo Petroleum, are studying various options to restart the Aruba refinery in the Caribbean, a top official at the state-run oil firm said. A team of Citgo technicians has been working since 2015 on a plan to restart and upgrade the plant. ORANJESTAD (Reuters) - The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA (PDVSA) has reached a deal to lease and restart an idled 235-Mbpd refinery in Aruba, according to the government of the Caribbean island. firm Valero Energy, but it closed because of Aruba's government said in September it had signed a memorandum of understanding with Citgo to explore reopening and operating the 235,000-barrel-per-day refinery that has been idled since 2012 when owner Valero Energy closed its crude processing units amid low margins. Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the government of the Caribbean News Post Citgo reaches deal to lease and restart idled Aruba refinery The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000-barrel-per-day refinery in Aruba, the government of the Caribbean island said on Friday. The US Virgin Islands government has reached a long-term operating agreement with Atlantic Basin Refining to re-open the mothballed 350,000 b/d Hovensa refinery on St Croix, the government said last night. , an indirect wholly owned subsidiary of Petroleos de Venezuela SA (PDVSA), and the government of Aruba are moving forward with a previously announced program to restart The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000-barrel-per-day refinery in Aruba, the Valero <VLO. Atlantic Basin Refining is required to "rebuild and restart the refinery," US Virgin Islands governor John deJongh said in announcing the HOUSTON, Sept 16 (Reuters) - Valero Energy Corp will decide in late December or January whether to restart its shuttered Aruba refinery, Chief Executive Bill Klesse told analysts on Thursday. announced Monday that it will convert its shuttered oil refinery on the southern Caribbean island of Aruba into a fuel storage facility, leaving hundreds of employees jockeying Aruba and Venezuelan PDVSA's refining unit Citgo Petroleum reached a deal to lease and restart an idled 235,000-barrel-per-day refinery, the government of the Caribbean island said late on Friday. Nov 13, 2025 · After almost a century of close relationship with the oil industry, Aruba has decided to close its refinery in San Nicolas, marking the beginning of a new phase focused on sustainability, clean energy and responsible economic development. "For nearly a century, the refinery served as the backbone of Aruba's industrial era," stated Prime Minister Eman. Aruba is betting on Quanten Consortium Aruba and Eagle LNG to restart a dismantled oil refinery and develop the surrounding site in an ambitious initiative promoted by the US government. The refinery was temporarily shut down for economic reasons in July 2009. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Valero Energy Corp. Venezuelan state-owned PdV's US refining subsidiary Citgo has shelved plans to restart and upgrade Aruba's 235,000 b/d refinery, but the company is using the facility for logistics in spite of tensions between Caracas and the Dutch Caribbean. 2gfpuw, w1krj, omuvg, aweyx, lp9py, syflln, 9yiz7, j0lfi, roztt, l1ayj,