Page 33 - KPA 18 April'15

Diasabra April 18 2015 Pagina 5

Condicion nobo pa haya hypohteek na Segun rapport oficial di Valero:

banco local Ya desde Mei 2014 Valero a
bandona e refineria
Banco ta pidi un
“verklaring di belasting” “and at that time we wrote off the entire carrying value of
como un condicion the refinery’s idled crude oil processing units and related
nobo ora bo aplica pa infrastructure (refining assets) and supplies inventories that
hypotheek supported the refining operations”

Antes tabata midi e comportacion Refineria Valero ya caba a schrijf af e we wrote off the entire carrying
refineria na Aruba desde 30 di September value of the refinery’s idled crude
cu banco, pero awor kier midi e 2014, es decir, 7 luna pasa. Den nan oil processing units and related
raportahe di September 30, 2014, nan a infrastructure (refining assets) and
comportacion na belasting elabora extensamente ariba e afschrijving supplies inventories that supported
aki. Nan ta splica cu ya desde aña 2012, the refining operations. In addition,
Algun ciudadano cu comerciantenan local, nan a desconta for di nan buki, ( lesa we terminated the employees who
recientemente a aplica ganashinan haci na Merca) e suma completo supported the refining operations
pa un prestamo na pasobra un comerciante di e refineria na Aruba y tur e infrastructura and incurred severance costs at that
banco, a keda babuca relaciona na dje como tambe tur inventario time. Even though we suspended
ora cu un banco local cu cay poco atrasa cu cu ta sostene e proceso di rafina petroleo. refining operations in 2012, we
a pone como condicion Es decir, Valero ya caba a trek af di nan continued to maintain the refining
cu e cliente mester bay belasting, lo no tin espacio winst, sumanan miyonario, den loke nan ta assets to allow them to be restarted
belastingkantoor pa asina yama “wrote off the value”. and did not abandon them until our
pidi pa un “verklaring di pa pidi of haya y un fianza Mas claro no canta un gayo, cu pa Valero, recent decision to no longer pursue
belasting”, cu ta indica it makes no sense pa bende e refineria, options to restart refining operations.
cuanto debe e cliente tin na banco. pasobra en todo caso nan a desconte di The Aruba Refinery resides on land
cu belasting. ganashinan haci y asina a spaar di paga leased from the Government of
Esaki nunca antes tabata Ta Gobierno a pidi miyones na Gobierno Mericano. Esaki ta e Aruba (GOA) and our agreements
un condicion cu wordo wega cu tin riba mesa awor! Valero no ta with the GOA require us to dismantle
pidi door di banco local! banconan local pa inclui give a damn si e refineria wordo bendi, pero our leasehold improvements under
Semper banco ta midi e Aruba si ta wordo perhudica pa capricho di certain conditions. Because of our
cliente na e comportacion e regla aki? Minister Valero sosteni door di Mike Eman. May 2014 decision to abandon the
di e cliente mes, esta si Aki SOLO DI PUEBLO ta produci loke ta refining assets, we believe the GOA
semper el’a cumpli cu Angel Bermudez y Mike aparece den e rapport di Valero dia 30 di will require us to dismantle those
banco. September 2014, pa no laga ningun duda assets. As a result, we recognized
E condicion aki talvez lo Eman a pidi banco pa den e noticia aki, aki nos ta publica e an asset retirement obligation of
por tin su impacto cerca raportahe di Valero: $59 million, which was charged to
pone e condicionnan nobo expense during the second quarter of
VALERO ENERGY CORPORATION 2014 and is reflected in discontinued
aki? Pa di es forma aki operations. We had not recognized an
For the Quarterly Period Ended asset retirement obligation previously
por eherce presion riba due to our belief that we would not be
September 30, 2014 / Page 7 & 8 / required to dismantle the assets as
comerciantenan local? long as we intended to operate them.
3. DISCONTINUED OPERATIONS / During the second quarter of 2014,
Pa nan percura pa no tin we also recognized liabilities of $4
In May 2014, we decided to abandon million relating to obligations under
ningun atraso? certain contracts, including a liability
our Aruba Refinery, except for the for the remaining lease payments for
Di e regla nobo aki nos the land on which the refining assets
associated crude oil and refined reside.
no a tende net nada
products terminal assets that we
di ATIA, kende ta es
continue to operate. As a result of
representantenan di
our decision, the refinery’s results of
comerciantenan local.
operations have been presented in
Algun miembro di
Grupo 7 a apoya e this report as discontinued operations
maestronan den lucha
na Bestuurskantoor for the three and nine months ended

September 30, 2014 and 2013.

We had suspended operations of

the refinery in 2012 and at that time

Un biaha mas Diffirent a surpasa su
ora di ceramento

Durante di e demostracion y reunion di e maestronan Polisnan diahuebs pa 4:15, durante patruya haya e porta cera na yabi. Tambe nan a
na Bestuurskantoor por a mira algun di e personahenan ta mira diferente auto para dilanti e localidad tende musica ta sali for di e lugar. Polis a
di e Grupo7 tambe presente pa asina stimula y apoya Diffirent y nan tabata sopecha cu e lugar papia cu e persona encarga di e lugar M. y
e maestronan den nan lucha pa nan seguridad y di ta habri ainda. Polisnan sa cu e restaurant a dune un boet.
enseñanza en general. mester cera 2:00. Polis a bay controla y a