Valero Restarts Production in Aruba
Valero decided on Thursday to restart its refinery on the
The production process was halted in
conflict with the former government of
Arubans lost their jobs when the refinery was closed down .
The new government, led by Prime Minister
its installation took steps to find possible take-over or joint venture
partners. Talks were held with Pemex (
Parallel to these efforts, the Aruban Government worked out a package of
incentives to reinforce the refinery’s profitability. Those efforts have led
to Valero’s announcement today that the production process will be resumed
within three months.
attractive investment climate.”
In its first six months in office, the new government has already booked
remarkable results. American Airlines, AirFrance-KLM and Cruise Lines have
resumed their service to
be added to that success.
Permanent shutdown of the refinery would have more than doubled
unemployment on the island.
SOURCE Government of