PetroChina In Talks To Buy Valero's Aruba Refinery: Sources - Reuters
May 08 2012 - 9:25PM
Dow Jones News
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:
http://www.reuters.com/article/2012/05/08/petrochina-valero-aruba-idUSL1E8G8BUH20120508
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