Valero Aruba in big Plans for oil-refining.

Valero Energy Corp. plans to invest some $5 billion to expand refinery capacity by some 400,000 barrels per day over the next five years.
Although improvements will likely be made at all of the company's 18 refineries, Valero officials say the bulk of the work will occur at refineries in Texas, Aruba, Canada, Louisiana and California.

Both the Aruba refinery and the refinery in Quebec, Canada, are slated to undergo a 50,000 bpd increase in capacity. Construction work on the Aruba refinery expansion is expected to begin early next year, and work on the Quebec refinery is slated to be under way by late 2007.

Marcogliese says today the Aruba refinery does not produce gasoline, but adds that Valero officials are studying the possibility of ramping the refinery up for gasoline production -- and possibly beginning production of ultra low-sulfur diesel at that location as well.

http://msnbc.msn.com/id/10033524/