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NEW YORK (Reuters) - BP Plc has given the operator of a Caribbean refinery more time to fully restart and retain its crude oil supply agreement after the plant failed to hit operating targets last year, according to people familiar with the matter.
FILE PHOTO: The installations of the Hovensa petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017. Picture taken June 28, 2017. REUTERS/Alvin Baez/File Photo
Last month, BP threatened to walk away from a 2018 agreement to supply up to 200,000 barrels per day (bpd) of crude oil and buy the resulting fuels if the Limetree Bay refinery in St. Croix, U.S. Virgin Islands could not bring all its units online by mid-January. The refinery has been idled since 2012.