The Venezuelan state oil company PDVSA announced that it will pay the debt with the Curaçao refinery, which it has maintained since 2019, to resume the supply of crude oil to the facilities.

Patrick Newton, director of Refineria di Korsou (RdK), which owns the refinery, said: “This is a fair agreement for Curaçao and also for PDVSA, which opens the way for closer cooperation in the future.”

In 2019, the refinery ceased operations, upon expiration of the contract through which PDVSA had operated the “335,000 barrels per day (bpd) facility and neighboring oil facilities” for years. Due to these negotiations, “debts of millions of dollars were identified in Curaçao and Bonaire, where the Venezuelan company managed the BOPEC oil terminal.”

Although the total amount of the debt has not yet been revealed, it is estimated that approximately $21 million in labor liabilities will be paid by PDVSA “with oil shipments to the island,” according to Prime Minister Gilmar Pisas.

The agreement between the parties mentions 450 million dollars, a sum that contemplates pending issues such as the construction of a gas pipeline between Venezuela and Curaçao, as well as other bilateral projects.

Venezuela’s Oil Minister, Pedro Tellechea, has indicated that the Venezuelan state-owned PDVSA wants to “resume regular crude oil supplies to the Curaçao refinery, which was once one of its most important heavy oil storage, refining and shopping centers.” ”.

M.Pino

Source: lanacion

(Reference image source: Francesco Boncompagni, Unsplash)

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