ST THOMAS, USVI -- US Virgin Islands Governor John de Jongh met on Tuesday morning with the owners of the HOVENSA refinery on St Croix. The meeting, which came at the request of the HOVENSA officials, focused on the governor’s counter-proposal to the planned shutdown of the refinery and conversion of the site on St Croix’s south shore to an oil storage terminal.
De Jongh was joined at today’s meeting by Lt. Governor Gregory Francis, Attorney General Vincent Frazer, Government House Deputy Chief of Staff Nathan Simmonds, Peter Hiebert of the government’s Washington, DC law firm Winston and Strawn, financial advisor David Paul of Fiscal Strategies and David Herr of Duff and Phelps, the government’s consultant on HOVENSA. The HOVENSA team included its owners and counsel.
At the meeting, held at Government House on St Thomas, the parties had an opportunity to fully discuss de Jongh’s August 6 counter-proposal and the current status of negotiations. The owners of HOVENSA have informed the governor that they will be presenting a written proposal in the near future.