Venezuela Said to Consider Aruba Refinery to Upgrade Heavy OilBy
PDVSA subsidiary Citgo in talks with Aruba government
Lease accord with island nation is expected by end of March
Venezuela’s state oil company Petroleos de Venezuela SA is said to be looking into leasing the Aruba refinery, where it would ship tar-like oil to be upgraded into higher value synthetic crude rather than produce fuels like gasoline.
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