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Wednesday, September 17, 2014

Hess, PDVSA receive offer for U.S. Virgin Island's Hovensa refinery -sources, (NYSE: HES)

Hess Corporation and Venezuela's state-run PDVSA have found an interested buyer for their 350,000 barrel per day (bpd) Hovensa refinery in the Virgin Islands, sources close to the deal told Reuters on Wednesday, confirming a local news report. Refining at the plant has been halted since 2012 but its owners have been using it as a terminal.

Hess Corporation (Hess) is a global integrated energy company that operates in two segments: Exploration and Production (E&P) and Marketing and Refining (M&R). Shares of HES fell by 0.34% or $-0.34/share to $98.84. In the past year, the shares have traded as low as $73.36 and as high as $104.50. On average, 2156540 shares of HES exchange hands on a given day and today's volume is recorded at 377888.