CHRISTIANSTED — The finance chief and two other top executives at Limetree Bay Ventures, operator of a long-stalled local oil refinery, are stepping down, according to an internal letter reviewed by Reuters. The 200,000-barrel-per-day refinery in St. Croix recently halted processing after “a mishap,” according to people familiar with the matter. It has run more […]
Tag: Limetree Bay Ventures
Limetree Bay Refinery On St. Croix Sells 1st Oil Product After Yearlong Delay
CHRISTIANSTED — Limetree Bay Ventures on St. Croix sold the first oil product to a buyer in the Gulf Coast on Monday, according to a shipbroking source and Refintiv Eikon data, nearly a year after the long-shuttered facility was expected to restart. Oil major BP Plc took delivery of approximately 216,000 barrels of naphtha, a […]