26 August 2009 23:19 [Source: ICIS news]
HOUSTON (ICIS news)--US refiner Valero said on Wednesday that it will keep its 235,000 bbl/day Aruba refinery in the Caribbean shut down for an indefinite period of time amid unfavourable economic conditions.
"Unfortunately, the differential in price between light and heavy crude oil has not widened and product margins remain low, making the refinery unprofitable to run," company spokesman Bill Day said.
The Aruba plant runs heavy grades of crude and other feedstocks and produces mostly distillates such as diesels and kerosenes as well as distillate blendstocks, such as heavy naphthas and vacuum gasoils (VGO).
The original shutdown, which occurred in July, was to only last two to three months.
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