PDVSA may drop Curacao refinery lease
Venezuelan oil company PDVSA is reported that it may withdraw from the 320,000 barrel-per-day Isla refinery it operates in Curacao to protest U.S. military operations on the Caribbean island.
The press release is quoted as saying:
PDVSA has operated the Isla refinery since 1985 under a long-term lease with the government of Curacao, a Dutch island 40 miles (65 km) north of the Venezuelan coast. The Isla refinery processes mostly Venezuelan crude oil, and PDVSA has in recent years tried to negotiate a purchase of the plant from Curacao’s government.
Click here to access the entire press release
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Mon, Mar 1, 2010
Post by Melissa Pistilli, Oil and Gas Senior Reporter