Valero Energy (VLO -1.7%) moves closer to permanently shutting its Aruba refinery, saying it...

|About: Valero Energy Corporation (VLO)|By:, SA News Editor

Valero Energy (VLO -1.7%) moves closer to permanently shutting its Aruba refinery, saying it would convert the shuttered refinery to a refined products terminal as it continues to seek a buyer for the 235K bbl/day refinery. The facility's dependency on more expensive fuel oil to power it instead of cheaper natural gas places it at a disadvantage vs. other East Coast refineries recently sold.