HOUSE_OVERSIGHT_018822.jpg

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Extraction Summary

0
People
5
Organizations
4
Locations
1
Events
2
Relationships
2
Quotes

Document Information

Type: Economic analysis report page
File Size: 1.24 MB
Summary

This document is a page from an economic analysis report for the U.S. Virgin Islands, covering the years 2007-2014. It highlights the severe negative impact of the Hovensa refinery's closure (c. 2012) on the territory's exports, particularly refined petroleum. The document, sourced from the VI Bureau of Economic Research, also notes the economy's predominant reliance on the tourism industry.

Organizations (5)

Name Type Context
Hovensa refinery
Mentioned as a closed refinery that was one of the territory's largest employers, whose closure had a significant imp...
VI Bureau of Economic Research
Cited as the source for the commerce and trade data provided in the table.
IGY American Yacht Harbor Marina
Mentioned in the footer of the document, possibly indicating the subject of the larger report from which this page wa...
irr
Logo appears in the footer, likely the firm that authored the report.
HOUSE_OVERSIGHT
Referenced in the document's Bates number 'HOUSE_OVERSIGHT_018822', indicating it is part of a collection from a U.S....

Timeline (1 events)

Circa 2012
The closure of the Hovensa refinery. The document states this had a 'significant impact on exports' and the data shows a sharp decline in refined petroleum exports from $10,486.1 million in 2011 to $932.4 million in 2012.
U.S. Virgin Islands

Locations (4)

Location Context
The territory whose economy is being analyzed, as indicated by the 'VI Bureau of Economic Research' source and mentio...
Mentioned as destinations for ocean freight imports.
Mentioned as a destination for ocean freight imports (excluding petroleum).
A specific location mentioned in the footer, likely located in the U.S. Virgin Islands.

Relationships (2)

U.S. Virgin Islands Economy Economic Dependency Hovensa refinery
The document states the refinery was one of the territory's largest employers and its closure had a 'significant impact on exports'.
U.S. Virgin Islands Economy Economic Dependency Tourism Industry
The document states the territory 'predominently relies on the tourism industry to support the economy'.

Key Quotes (2)

"The closure of the Hovensa refinery, which was one of the territory's largest employers, also had a significant impact on exports which were prevously dominated by petrolium products."
Source
HOUSE_OVERSIGHT_018822.jpg
Quote #1
"Otherwise, the territory predominently relies on the tourism industry to support the economy."
Source
HOUSE_OVERSIGHT_018822.jpg
Quote #2

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