Citgo Petroleum and the government of Aruba have reached a deal to restart the 235,000-barrel-per-day refinery on the island, Reuters reports. The agreement includes a 25-year lease under which Citgo will operate the refinery after $1 billion in investments. Reuters reports the funding will come from international banks. Citgo parent company PDVSA said Venezuelan heavy crude would be sent to the refinery in 12 months.
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