Published On: Mon, Nov 20th, 2017

Guangdong Zhenrong Energy blacklisted in Beijing

Guangdong Zhenrong Energy1WILLEMSTAD - Guangdong Zhenrong Energy (GZE) is in financial trouble and is on the blacklist in Beijing. The Chinese government is probably taking over the company now.

That may be too late for the operation of the Isla refinery. GZE has two weeks to show that it is financially sound.

The Rhuggenaath government is already looking for alternatives to take over and modernize the oil refinery in Curaçao.

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