Published On: Wed, Oct 17th, 2012

Multinational ready to acquire Curacao Oil Refinery before 2019

WILLEMSTAD – Linkoil International is ready to purchase the oil refinery if the contract with PDVSA (Venezuelan oil company) is not extended.

In two letters, one to the president of the board of directors Mr. Van der Dijs of March 2012 and the other to the Minister of Finance dated October 12, 2012, the multinational requested to give a presentation on what this company stands for. According to the letter to the board, the multinational wants a joint-venture and reach an agreement to purchase the refinery and become 100% owners.

The price tag is 1.5 billion dollars and includes funds for the government to buy over the lease agreement with PDVSA. The multinational wants to operate the refinery and invest in expansion. They also plan to invest another 1.5 billion dollars in the refinery. Plans are to expand and modernize the refinery; expand and modernize the facilities; add more tank capacity LNG and LPG and repair existing tanks while expanding their capacities.

There will also be plans to resolve the issue of environment. The maintenance of the refinery will be according to the European Union standards.

The multinational will also refine crude oil from different countries, e.g. Mexico, Brazil and Venezuela. This multinational is represented by Maduro & Partners whom requested a meeting with the Minister of Finance to give a presentation.

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