Oil and Gas Company on Parliament’s agenda next week

WILLEMSTAD – The Parliament of Curaçao will discuss the newly established public entity, “Kompania di Petroli i Gas Korsou N.V. (Curaçao Oil and Gas Company) during a public meeting next week Monday. Prime Minister, Ivar Asjes will be present during this meeting.

The Curaçao Oil and Gas Company was established on October 27, 2014

The MPs will talk about what has happened after the establishment of this company, the situation surrounding the Petroleum Ordinance and government policies relating to the exploration and exploitation of oil and gas.

The Oil and gas Company will be responsible for the exploration and extraction of oil and gas in the Curaçao territorial waters, managing oil and gas and their derivatives, the storage and transport of oil and gas and their derivatives. Also the processing and marketing of oil and gas and their derivatives.

The first task of the company is to organize a public tender to attract international companies to explore the Curaçao territorial waters.