9-Year-Old Boy Dies After Being Shot in Head in Croixville Housing Community; Police Detain 15-Year-Old

Concerned Residents Clean Christiansted Town Using Their Own Tools, Money, and Some Help from the VI Fire Service

Territory May See Veterans Cemetery Through DeGazon-Sponsored Bill

Credit and Debit Cards of WAPA Customers Were Compromised Since August 30th, WAPA Says, Authority to Finally Start Issuing Notification Via Mail and Email

Sports Tourism in VI Gains Momentum as DC United Team is set to Play Exhibition Soccer Game on St. Croix

Carnival Breeze Brings 3,700 Tourists to St. Croix During Maiden Call; Senators, Tourism Officials Want to See More

Limetree Bay Willing To Provide $10 Million To Help Add Life to a Dying G.E.R.S.

American Airlines to Serve St. Croix With New Flights Next Summer

The Sudden Death of Influential Roots Reggae Visionary, Vaughn Benjamin of Midnite Band and Akae Beka, Has Rocked the Virgin Islands and Reggae Community Around the World

Arthur A. Richards K-8 School Hosts Anti-Bullying Campaign

Come Out. Hang Out. Have Fun at The Meat Up, One of St. Thomas’ Latest Hot-Spot for Good Food with Friends and Family.

UVI Board of Trustees Approves $47.1 Million Fiscal Year 2020 Budget; Sets $3 Million Fundraising Goal

Man Dies During Early Morning Car Accident on St. Croix; Driver of Car Arrested (Updated)

'You Did Everything You Could to Prevent this from Happening': An Emotional Goodbye to Young Aaron Benjamin

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Bill Aimed at Regulating Credit Use by Gov't Departments and Agencies Among Others Held in Committee

Juan Luis Hospital Announces Completion and Availability of Mobile Dialysis Facilities

Tractor Trailer With Tank Carrying Thousands Of Gallons of Liquified Gas Flips Near Cool Out Bar; Driver Injured But Alive

Credit and Debit Card Hack Through WAPA Appears to be Widespread in Virgin Islands; WAPA Says Support Services Will be Made Available to Affected Customers

Facing Life in Prison Without Parole, Mother and Boyfriend Plead Not Guilty in Murder of 4-Year-Old Boy

Contract Between V.I. Government And HOVENSA Buyer Revealed

Breaking News / Featured / News / Virgin Islands / November 2, 2014

On Friday, the VI Consortium obtained a copy of the contract entered into between the Virgin Islands Government and ABR VI, revealing the terms and conditions under which the new owners of St. Croix’s refinery will operate.

While an important milestone has been reached between the VI government and ABR VI, the deal now has to be ratified by the Senate. Governor John de Jongh submitted the contract to the Senate on Thursday and the VI Consortium has received strong reaction from some lawmakers in opposition to many of the terms outlined in the 98-page document.

Section 6.2 of the contract, titled “Refinery Start,” reveals that ABR VI has up to 24 months before “Operations Deadline,” meaning it could be two years before work commences at the refinery. Upon that, if ABR VI makes “an election under Section 4.1 (C) or Section 4.2 (B), the deadline commencing Refining Operations shall be extended by a period commensurate to the extensions obtained by such election.” This means if ABR VI can give valid reasons for an extension past the 24 months deadline outlined in the Agreement, it will be granted.

According to the contract, for the first six months after the Refining Operations deadline, ABR VI must have in operation 60 percent of the refinery’s “Baseline Operation” followed by 75 percent after the second six months. The company must sustain “not less than the approximate Operational Baseline,” the contract reads, “for all subsequent periods,” meaning that after a year, ABR VI is obligated to make operational 100 percent of the “Operational Baseline.” It is not known what exactly constitutes the “Operational Baseline,” as it could represent a small, mid-range or large percent of the refinery.

Later, in Article 8, which includes employment agreements, the contract states that ABR VI should employ no less than 600 full-time employees — including contractors.

In Section 8.1 of Article 8, the contract states that 75 percent of ABR VI’s employees must be Virgin Islanders. According to the Agreement, “Virgin Islanders” are described as “individuals formerly employed by HOVENSA or Hovic for work at or regarding the Refinery in the U.S. Virgin Islands in five years preceding the Effective Date.”

The VI Consortium will continue to parse the contract and reveal important details. For those who wish to read the Operating Agreement in its entirety, find it here.


Ernice Gilbert
I wear many hats, I suppose, but the one which fits me best would be journalism, second to that would be radio personality, thirdly singer/songwriter and down the line. I've been the Editor-In-Chief at my videogames website, Gamesthirst, for over 5 years, writing over 7,000 articles and more than 2 million words. I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. VI Consortium was birthed out of said desire, hopefully my efforts bear fruit. Reach me at [email protected]

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Territory Celebrates 'Bull and Bread' Day Today

Liberty Day Celebration Saturday, November 1 Grove Place, St. Croix from 9:ooam - until The Liberty Day celebration...

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