10 de octubre de 2016 12:27 PM
Actualizado el 10 de octubre de 2016 12:36 PM
Citgo Petroleum Corporation, a subsidiary of state-owned oil company Petróleos de Venezuela (Pdvsa), on Saturday formalized the restart of operations in Aruba, idled since 2012.
The project, which was agreed in June between the Venezuelan and Aruban governments, will allow the six-unit refinery to produce some 209,000 barrels of oil per day, state-run news agency AVN reported.
Citgo’s President and CEO Nelson Martínez said that the Aruba-based refinery would be refurbished to start operations within 18 to 24 months. It will transform extra heavy crude from the Orinoco Oil Belt into intermediate oil for the Pdvsa refining network in the United States for further processing, according to a Pdvsa press release.