Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
PetroChina in talks to acquire Aruba refinery from Valero

May. 9, 2012 (China Knowledge) - PetroChina Co Ltd<601857><0857>, China's largest oil producer, is in negotiations to take over an idled refinery in Aruba from Valero Energy, said sources familiar with the matter, Reuters reported.

Valero in a statement filed with the U.S. Securities and Exchange Commission that it had received a non-binding indication of interest to acquire the Aruba refinery for US$350 million plus working capital, without specifying the name of the buyer.

The sources said that the Chinese oil giant plans to restart and run the plant as a refinery instead of converting it to a storage facility. The Aruba refinery has a daily oil processing capacity of 235,000 barrels.

It was the second time for PetroChina to discuss the takeover of the refinery since January 2010.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved