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PetroChina In Talks To Buy Valero's Aruba Refinery: Sources - Reuters

DOW JONES NEWSWIRES PetroChina Co. (PTR) is in talks to buy Valero Energy Corp's (VLO) closed 235,000 barrel-per-day refinery in Aruba, the Reuters news agency said Tuesday on its website, citing unnamed sources familiar with the negotiations. Valero said in a filing with the U.S. Securities and Exchange Commission that it received a non-binding indication of interest to purchase the Aruba plant for $350 million plus working capital, but didn't name the interested party. Rather than converting the plant into a storage facility, PetroChina plans to restart and run it as a refinery, the unnamed sources said in the report. Full Story:

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