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Thursday, January 28, 2010

Valero says Aruba refinery tax dispute deal proposed

Proposed;
Valero would keep refinery workers on payroll,

Valero would pay $113 million if deal approved,

Refinery would also pay minimum $ 10 million in future years.

Valero purchased the 235.000 barrel per day refinery in 2004. The company inherited a tax holiday from certain taxes that was supposed to last through 2010.
to be continued..

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