Ariel Lovelace. (Business Briefs).
* Ariel Lovelace, CEO of Lovelace N.A. of Fort Smith, is leaving
for Costa Rica on April 7 to sign a contract to build 14 refineries in
that country. The Costa Rican government is putting up $15 million for
the design and engineering fees. Lovelace already has refineries slated
for construction near Houma, La., and in Green County, Penn. Each of
those plants will employ 4,800 people and produce 500,000 barrels of
fuel per day. Lovelace said he plans to relocate his business to St.
Thomas in the Virgin Islands.