Valero’s Aruba Refinery has completed a plant-wide programme to restart refinery units within the next few days, following its July 2009 shutdown.
To date the firm has spent over $90m for the restart of the refinery, which was closed for economic reasons and uncertainty in the oncoming tax regime.
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The restart was supported in part by the settlement agreement, which was reached with the Government of Aruba and approved by the Parliament of Aruba last May.
The company also signed a memorandum of understanding for the delivery of LNG to Aruba to help reduce utility costs and lower emissions.
