Published On: Mon, Nov 7th, 2016

Parliamentary meeting on Guangdong Zhenrong

ParliamentWILLEMSTAD - Today the parliament meets for the first time in its new composition. And they may get to work right away. The topic of the debate is to continue the negotiations with the Chinese energy company Guandong Zhenrong.

Parliament is angry at the caretaker Prime Minister Dr. Bernhard Whiteman because the Memorandum of Understanding signed by the government of Curaçao and the Chinese company was sent until Friday to parliament. This is more than six weeks after signing.

Guandong Zhenrong wants to take over the oil refinery Island and the Bullenbaan installations from the Venezuelan State Oil Company PdVSA. The Chinese company also plans to renovate and upgrade the refinery.

It is not clear yet how much money the Chinese company wants to invest. Initially, the Curaçao government informed that the company will invest 10 billion dollars. But last week the company itself announced that it was seeking state funds of up to 5.5 billion dollars.

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