EFTA02696760

From: Cecile de Jongh Sent: Friday, February 3, 2012 10:22 AM To: JEE Subject: Fwd: GOVERNMENT HOUSE NEWS RELEASE 020-2012 (WITH PHOTO ATTACHED) Attachments: 020-GOVERNOR CONVENES MEETING ON HOVENSA REFINERY CLOSURE.doc; Untitled attachment 00049.htm; Untitled attachment 00052jpg; Untitled attachment 0005S.htm With warm regards,=div> Cecile Sent from my iPhon= Begin forwarded message: From: "Jean P. Greaux, Jr." <j Date: February 2= 2012 5:57: - . To: "Jean P. Greaux Jr." < 020-2012 =nbsp; &nbs=; =nbsp; &nbs=; &n=sp; =nbsp; &nbs=; &n=sp; =nbsp; &nbs=; &n=sp; Febr=ary 2, 2012 GOVERNOR DE JONGH CONVENES MEETING WITH OFFICIALS OF adiv> HOVENSA, HESS AND PDVSA &nb=p; &nb=p; Governor John P. de Jon=h, Jr. met Thursday morning with officials of HOVENSA and its owners, HOVIC= a subsidiary of Hess Corporation and PDVSA, VI, a subsidiary of Petroleos d= Venezuela, SA, to discuss the closure of what is one of the world's larges= oil refineries and the Territory's largest private sector employer.=/span> </rpan> &nb=p; 'Today'= meeting with the senior officials of the three companies was the first of w=at I believe will be several meetings to address their closure of the oil r=finery, their proposed use of the facility as an oil terminal and their obl=gations under the existing agreement. I expressed my deep concerns about th= economic impact of this decision on the Territory, their view of the oblig=tion to provide fuel to meet the needs of WAPA and the general community an= the basis of under which we preserve a relationship into the future under a= business model that makes sense to them and is beneficial to us," d= Jongh said after the meeting. </=pan> EFTA_R1_02051875 EFTA02696760 &nb=p; The topics reviewed at t=e meeting included the future of HOVENSA's St. Croix site, fueling for the V=rgin Islands Water and Power Authority, approaches to meeting the local nee=s of the Territory, the operations of the proposed oil terminal at the site=and the continuing legal obligations of HOVENSA under its agreements with t=e Government of the Virgin Islands. &nb=p; #=# # =/html>= 2 EFTA_R1_02051876 EFTA02696761