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At VIFreepBreaking NewsBusiness NewsCaribbean News

ORANJESTAD – Aruba’s Energy Ministry said today that it has signed a memorandum of understanding with PDVSA’s U.S. unit Citgo Petroleum to explore reopening and operating the island’s refinery, idled since 2012. The 235,000-barrel-per-day refinery, which was operated by U.S. firm Valero Energy Corp., closed because of high operating costs

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At VIFreepBreaking NewsCommunity AffairsSt. Croix News

Former HOVENSA refinery on the South Shore OPEN IT UP The glut of crude oil in the U.S. could see the reopening of an oil refinery that’s been closed for three years, writes The Wall Street Journal’s Alison Sider. The HOVENSA refinery in the U.S. Virgin Islands was one of the

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At VIFreepBusiness NewsCommunity AffairsSt. Croix News

CHRISTIANSTED – A federal judge gave interim approval for $40 million loan to HOVENSA from its proposed new owners as bankruptcy proceedings over the future of the South Shore refinery began in U.S. District Court in Golden Rock on Thursday. Some of the money is needed by HOVENSA to pay a

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