Exclusive: Citgo asks PDVSA for $100 million to restore Aruba refinery - document

By By Marianna ParragaFeaturesReuters

Citgo Petroleum, aiming to start a $685 million renovation project to revive Aruba's idled refinery, has asked its cash-strapped parent company PDVSA to provide initial funding of $100 million, according to an internal document seen by Reuters.

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The U.S.-based refining firm in June received approval from Aruba's government to refurbish, restart and operate the 235,000-barrel-per day idled refinery and an attached terminal under a 25-year lease contract.

(Reporting by Marianna Parraga in Houston; additional reporting by Erwin Seba in Houston and Sailu Urribarri in Aruba; Editing by Phil Berlowitz)