Texas-based refiner Valero Energy (NYSE: VLO) in the second quarter of this year expects to sell its Aruba refinery, company CEO Bill Klesse said in a webcast.
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"We have a transaction and a buyer," said Klesse, without naming the potential purchaser.
The process was delayed by the fire that affected the refinery's vacuum tower in January, he said. Repairs at Aruba will not be completed until mid-April.
The potential sale is part of Valero's strategy to optimize its portfolio and invest in the company's core refineries.
The refinery has throughput capacity of 275,000b/d and employs 775.
Valero - along with Colombia's state oil company Ecopetrol, Japan's Itochu and Indian firm Reliance - is a prequalified bidder for the Mesoamerican refinery project in Central America.
