Published On: Mon, Oct 1st, 2018

Search for a strategic partner for oil refinery progressing according to plan

Refineria di KorsouWILLEMSTAD - All the efforts of the public company Refineria di Korsou (RdK), the Curaçao Refinery is concentrated on finding a strategic partner for the refinery after the current contract with the Venezuelan State Company PDVSA expires. At the same time, the RdK is doing its utmost to put the refinery back in operation on the short term. The process of finding a strategic partner is, according to RdK, already showing results and by the end of October, they can announce to the community which new partner they propose to PDVSA to assist them in keeping the refinery in operation until the contract expires.

Parallel to this process, the RdK is able to announce that 30 companies, including PDVSA, have shown interest in operating and modernizing the refinery after the current contract which expires at the end of 2019. Meanwhile, RdK chose, based on the information provided by the companies, 10 of them which will continue negotiating for the new contract. These 10 will have to go through the due diligence process.

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