Published On: Mon, Nov 13th, 2017

National address Prime Minister: “The Government is determined!”

Rhuggenaath1WILLEMSTAD - In his national address, the Prime Minister of Curaçao Eugene Rhuggenaath spoke about the future of the oil refinery and the current situation with the Chinese State Company Guangdong Zhenrong Energy (GZE). The Prime Minister indicated that in the case of the GZE, the government has issued a clear signal: it is determined and will not be placed against the wall in case the negotiation process between Curaçao and GZE does not come to a successful end.

“Although all our efforts and actions are focused on the Guangdong Zhenrong Energy process, awaiting a positive result of due diligence, neither I nor my cabinet will allow Curaçao to be placed against the wall with our backs in case this route does not come to a positive end for the future of our refinery,” said the Prime Minister.

The Prime Minister stressed the importance of having a reliable partner to continue with the refinery. “It is irresponsible to place the future of our refinery in the hands of any party without the necessary ability, capacity and resources to guarantee that it can do whatever it has promised.”

“The due diligence is needed to clarify whether we have a partner in GZE who can guarantee a solid and sustainable future for our refinery.” The Prime Minister also indicated once again that the government does not agree with the transfer of Titan to GZE for the development of the LNG terminal at Bullen Bay. Previously Titan had won the public tender to develop this LNG terminal.

The Multidisciplinary Project Team (MDPT) has been commissioned to investigate all possible alternative scenarios for a so-called Plan B. This to ensure the modernization of the refinery and the construction of the LNG terminal. "Every effort must be made to keep the refinery open after 2019,” said the Prime Minister.

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