valero
Euphoria: Valero Reopens
Valero Energy Group just announced plans to reopen the facilities in St. Nicolas. Wide spread euphoria within ranks of the government, workers, Valero and financial commentators was the result.
Is this euphoria merited really? Not so fast. Don’t get me wrong, there’s certainly something to say about workers getting their jobs back, without question. This new legislation, [...]
Valero Still Closed
After temporarily closing down its facilities in St. Nicolas, Valero Refinery Aruba still is seeking buyer for the aging facility. Several parties have shown interest but couldn’t reach an agreement.
Another difficult point is the island government. Any party interested in acquiring the refinery needs to meet certain demands, specifically fiscally, environmentally and labor.
Oil prices continue [...]
Governing Party Losses, Blames Valero
A day after the general elections in Aruba, with devastating results for the governing party, the resigning Prime Minister of Aruba put the blame for the strong defeat at The Netherlands government and Valero CEO for meddling in internal affairs.
Just a few day before the general elections Valero Aruba Refinery owner, Valero Energy Corp., based in San Antonio, Texas, [...]
Feels like 80s all over again
On 9/11 (Seriously?!) Valero HQ in San Antonio, Texas decided to shut down Valero Aruba Refinery. Most sub-contractors and its workers have abandoned the refinery-premises.
The scenes we saw last week remembered us vividly about the big devastation was when Lago Aruba Refinery shut down its doors back in the 80s after having been in Aruba [...]
Valero San Antonio: Valero Aruba Gone
Valero Energy CEO has declared that until the margins in the oil products don’t improve, Valero Refinery Aruba won’t open. Translation: Valero Aruba is history.
As written a few week ago, don’t expect Valero to remain on the island for much longer. As soon as the contracts for delivery of products locally expire they will be [...]
Prime Minister: Valero isn’t coming back
Aruba’s PM is the one person in charge with Energy affairs, therefore closely monitoring the latest news regarding the future of the old refinery located in St. Nicolas.
According to him, Valero Energy Corp. isn’t reopening the refinery as initially thought by many, including by Valero Aruba. Meanwhile Valero Corp. officials have mostly kept quiet and [...]
