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PDVSA may drop Curacao refinery lease
March 1, 2010 @ 9:16 pm In Oil & Gas Company News
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.
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[1] Click here to access the entire press release: http://www.reuters.com/article/idUSN27189447
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