Published On: Wed, Oct 17th, 2012

Multinational ready to acquire Curacao Oil Refinery before 2019

WILLEMSTAD – Linkoil International is ready to purchase the oil refinery if the contract with PDVSA (Venezuelan oil company) is not extended.

In two letters, one to the president of the board of directors Mr. Van der Dijs of March 2012 and the other to the Minister of Finance dated October 12, 2012, the multinational requested to give a presentation on what this company stands for. According to the letter to the board, the multinational wants a joint-venture and reach an agreement to purchase the refinery and become 100% owners.

The price tag is 1.5 billion dollars and includes funds for the government to buy over the lease agreement with PDVSA. The multinational wants to operate the refinery and invest in expansion. They also plan to invest another 1.5 billion dollars in the refinery. Plans are to expand and modernize the refinery; expand and modernize the facilities; add more tank capacity LNG and LPG and repair existing tanks while expanding their capacities.

There will also be plans to resolve the issue of environment. The maintenance of the refinery will be according to the European Union standards.

The multinational will also refine crude oil from different countries, e.g. Mexico, Brazil and Venezuela. This multinational is represented by Maduro & Partners whom requested a meeting with the Minister of Finance to give a presentation.

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  • http://www.facebook.com/olieberg Francis Olieberg

    It’s exciting to know that we might be moving away from the venezuelan unregulated way of doing things, to the more punctual and efficient european way of doing things.
    Also… I thought that we’re not allowed to sell 100% of the refinery. Isn’t it supposed to stay under the ownership of the people of curacao?

  • Willem

    More ‘ELECTION DECEPTION” . How coincidental that this is being announced two days before the election. A letter requesting an opportunity to “give a presentation” is much different from a letter of intent. Once the election is over, they might not be so interested.

    Where is any proof? Why not publish the actual letters? Which Minister of Finance was the October 12 letter sent to – the deposed Minister or the Interim Minister? That will give you further clues. And which Linkoil International is it – based in Ghana or Dallas?

    The poor English in this story also makes it hard to figure out what defines the “joint venture” and the line “includes funds for the government to buy over the lease agreement with PDVSA” doesn’t make clear whether Linkoil provides this or expects this.

    This story needs to be better “fleshed out”; otherwise it needs to be “flushed out”.