Engineering News

Valero confirms talks for Aruba complex sale
Friday January 8, 2010

NEW YORK (MarketWatch) -- Valero Energy Corp. has confirmed that it's in talks to sell its 235,000 barrel-a-day refinery in the Caribbean nation of Aruba, according to reports late Tuesday. Recently-elected Aruba Prime Minister Mike Eman said through a spokesman that Valero is in talks with PetroChina, but the refining giant declined to identify the prospective buyer. The facility, which accounts for about a third of Aruba's gross domestic product, has been on the sales block for more than a year.

Source: MarketWatch

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