US Virgin Islands: Hovensa to keep selling fuel

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Associated Press

Posted on December 15, 2012 at 2:32 PM

Updated Saturday, Dec 15 at 3:33 PM

CHARLOTTE AMALIE, U.S. Virgin Islands (AP) — The governor of the U.S. Virgin Islands says the owners of the former Hovensa oil refinery will continue to sell fuel under an interim agreement that has been extended.

Gov. John de Jongh said Saturday that the agreement also will allow Hovensa to temporarily operate an oil storage facility at its former refinery site in St. Croix. The agreement was extended until February 2013.

The refinery was a joint venture of U.S.-based Hess Corp. and Venezuela's state-owned oil company. It closed in January following years of weak demand and high operating costs.

De Jongh said the government is still seeking to have the refinery reopened, but the owners of Hovensa want to operate an oil storage facility.

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