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Hovensa oil refinery reopens in St. Croix, warns of temporary drop in production levels

Business Materials 18 October 2008 04:35 (UTC +04:00)

One of the world's 10th largest oil refineries has resumed production and refining on the Caribbean island of St. Croix, the associated press reported.

But Hovensa LLC spokesman Alex Moorhead says it will take several days for the refinery to reach pre-hurricane production levels. Hovensa refines about 500,000 barrels of crude oil daily.

Moorhead declined to say Friday where current production levels stand.

Officials shut down operations on Wednesday in anticipation of Hurricane Omar. Moorhead said the company inspected the facility and found no significant damage.

Hovensa is owned by New York-based Hess Corp. And Petroleos de Venezuela SA, the national oil company of Venezuela. It is the largest private employer in the U.S. Virgin Islands.

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