Valero sets Aruba restart, considers LNG

摘要

New York-Valero Energy said December 13 it was restarting its Aruba plant in the Caribbean due to better margins and that it may enter the LNG business to make those economics even better. The increased interest by Valero in Aruba comes after it has been trying to sell the plant for some time. While Aruba is still potentially for sale, most recently sources have said Mexico's Pemex was interested, Valero has found that refinery to be a better fit in its system, said Valero spokesman Bill Day. He cited a better business climate follow ing Aruba's elections, an improved economy and another key point-the control of a refin- ery outside US regulatory reach.