Saturday, May 21, 2011

USDOJ: United States Announces Bankruptcy Settlement with Oil Company in Wake of October 2009 Explosions and Fire

USDOJ: United States Announces Bankruptcy Settlement with Oil Company in Wake of October 2009 Explosions and Fire: "WASHINGTON – Under a settlement agreement lodged today in federal bankruptcy court in Delaware, Caribbean Petroleum Corp ., Caribbean Petroleum Refining L.P ., and Gulf Petroleum Refining Corp. – Puerto Rico (collectively, CAPECO) will pay more than $8.2 million to address environmental liabilities relating to CAPECO’s former petroleum distribution facility in Bayamón, Puerto Rico, and more than 170 service stations owned or leased by CAPECO throughout Puerto Rico."