DLCP | Citgo Petroleum in talks with Aruba on refinery contract

De Arubaanse Citgo raffinaderij

HOUSTON/ORANJESTAD – Citgo Petroleum Corp said on Tuesday it is holding talks with the government of Aruba on its oil refinery operating contract, a day after Aruba disclosed it would form a committee to decide the fate of the plant.

The U.S. subsidiary of state-owned Petroleos de Venezuela (PDVSA) said it is holding “active conversions with our counterparts in Aruba and hopeful that we will reach a solution for future work together.”

Aruba said on Monday it expects the contract to be overhauled or terminated due to U.S. sanctions against Venezuela that have hampered production.

Bron: Dutch Caribbenan Legal Portal

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