Published On: Mon, May 22nd, 2017

Investigation to be launched into fire at Isla oil refinery

FireWILLEMSTAD - An investigation will be launched following a massive fire that occurred yesterday at the Isla oil refinery.

The fire at the facility, run by Venezuelan state oil company Petroleos de Venezuela SA, (PDVSA) broke out at one of the refinery’s crude distillation units.  President of PDVSA Eulogio del Pino confirmed on Twitter that the fire was out, adding that there were no injuries. He also said an investigative committee had been formed.

PDVSA’s reliance on Isla has increased this year since the refinery restarted operations after a planned major maintenance program. According to sources, the refinery has been operating at around 50 percent. PDVSA has operated the refinery – which opened in 1918 – under a lease agreement for decades. However, in 2016 the government of Curaçao signed a preliminary agreement with China’s Guangdong Zhenrong Energy to operate the ageing refinery and invest US$10 billion in upgrading the facility.

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