Aruba signs MOU with PetroChina

April 26, 2012 1:35 PM

ORANJESTAD - On Thursday morning, the Aruban government and PetroChina representatives signed a Memorandum of Understanding (MOU) at the government offices in Oranjestad.

Prime Minister Mike Eman explained that PetroChina agrees in the MOU that the company is seriously considering the purchase of the refinery on Aruba from Valero and will be negotiating their establishment on the island during the coming weeks.
 
The government of Aruba has been trying to find a suitable partner or a company willing to purchase the refinery after Valero tried, but decided the refinery was no longer a desirable venture for their company. Since December, when Valero told the government they were planning on closing their operations on the island, Aruba's minister of energy and the prime minister have been in talks with representatives of different companies and their governments, including Colombia, Brazil and Venezuela for a possible partnership or purchase. The refinery has been idle for a few weeks now. Valero representatives were also on-island for meetings with the government and PetroChina.

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