Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Ken Robbins who wrote (71288)	8/21/2000 3:48:19 PM
From: Think4Yourself	Read Replies (1) of 95453

They have the Virgin Islands Hovensa refinery in a partial shut down mode due to Debby. I wonder what will happen if Debby damages the refinery? quote.bloomberg.com Oil prices also rose as the storm approached the U.S. Virgin Islands, where the Western Hemisphere's second-largest refinery is located. The 545,000 barrel-a-day refinery at St. Croix is owned by Hovensa, a joint venture between Venezuelan state-run oil company Petroleos de Venezuela SA and Amerada Hess Corp. It is a major source of gasoline for the U.S. mainland. ``People start to get nervous when anything gets near to the Hovensa refinery,'' said Chris Schachte, an energy analyst at GSC Energy Corp. in Atlanta. The refinery was already in the process of a ``partial shutdown,'' which would allow for a rapid total shutdown if the storm comes too close, said Alex Moorhead, a Hovensa spokesman in St. Croix. ``There's a sequence of events that have to take place,'' he said, adding that the storm was expected to pass St. Croix sometime tomorrow.

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