Refinery (RdK) Curacao has chosen Klesch Petroleum as the possible new operator of its stalled Isla Refinery, replacing Venezuela's PDVSA. Now they have to come an agreement on price—and up to how much they would be liable for with regards to the environmental liability onsite.
Negotiations between RdK and Klesch, based in London and Geneva, are scheduled to continue for three months with the intention of reaching a final agreement in November, RdK said in a statement.
The Isla Refinery has been operated by Venezuelan state PDVSA since 1985 under a rental agreement with the Dutch Caribbean autonomous island government. The agreement has been renewed periodically and the current contract expires in 2019.
See the whole piece here: Curacao refinery negotiating with Klesch to replace PDVSA as operator:
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