WILLEMSTAD - Curaçao Refinery (RdK) has entered into a Memorandum of Understanding (MoU) with Oryx Petroleum Limited (Oryx Petroleum) for a suitable management and operational partner for the refinery and Bullenbaai. This MoU outlines the framework for RdK to further conduct its due diligence, while granting Oryx Petroleum the ability to perform technical inspections and due diligence, including access to RdK's data room. The MoU also structures the negotiations towards potential final agreements. 

Following RdK's call for expressions of interest on June 26, RdK received responses from 19 parties, of which 7 were shortlisted based on RdK's requests for additional information last August. Oryx Petroleum was selected out of the 7 parties who have submitted their response. 

Oryx Petroleum Group is a privately-owned company incorporated in Hong Kong with planned investments in Latin America and the region. The company boasts extensive experience in energy acquisitions across the oil and gas sectors (upstream, midstream, and downstream), as well as renewables. Furthermore, Oryx Petroleum is a strategic participant in all major crude markets. 

RdK, in alignment with the government's mandate, remains committed to diligently progressing towards the reopening of the oil facilities in Curaçao. RdK will keep the community informed of developments as the further process unfolds.