Valero to Sell Aruba Refinery to PetroChina
OREANDA-NEWS. May 12, 2011. Valero Energy (NYSE:VLO) has confirmed reports that it is in talks to sell a refinery in Aruba. According to Aruba’s Prime Minister, the potential buyer is PetroChina (NYSE:PTR).
The refinery in question produces 235,000 barrels of crude oil per day, and accounts for a third of Aruba’s gross domestic product.
Valero has been looking to sell it for more than a year, and shut down production at the facility in July. A selling price has not been disclosed.
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