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Name | Symbol | Market | Type |
---|---|---|---|
Petrochina Company Ltd | NYSE:PTR | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 46.85 | 0 | 01:00:00 |
PetroChina Co. (PTR) is in talks to buy Valero Energy Corp's (VLO) closed 235,000 barrel-per-day refinery in Aruba, the Reuters news agency said Tuesday on its website, citing unnamed sources familiar with the negotiations.
Valero said in a filing with the U.S. Securities and Exchange Commission that it received a non-binding indication of interest to purchase the Aruba plant for $350 million plus working capital, but didn't name the interested party.
Rather than converting the plant into a storage facility, PetroChina plans to restart and run it as a refinery, the unnamed sources said in the report.
Full Story: http://www.reuters.com/article/2012/05/08/petrochina-valero-aruba-idUSL1E8G8BUH20120508
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