Exclusive: Citgo asks PDVSA for $100 million to restore Aruba refinery - document
Reuters
Published Sep 20, 2016 11:58AM ET
Exclusive: Citgo asks PDVSA for $100 million to restore Aruba refinery - document
By Marianna Parraga
HOUSTON (Reuters) - Citgo Petroleum, aiming to start a $685 million renovation project to revive Aruba's idled refinery, has asked its cash-strapped parent company PDVSA to provide initial funding of $100 million, according to an internal document seen by Reuters.
The U.S.-based refining firm in June received approval from Aruba's government to refurbish, restart and operate the 235,000-barrel-per day idled refinery and an attached terminal under a 25-year lease contract.
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Written By: Reuters
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