WILLEMSTAD - An offer of nearly $29 million was made yesterday for the half-million barrels of fuel oil stored in Bullenbaai, well above the minimum amount of just over $9 million.
The identity of the buyer has not yet been disclosed by Curaçao Refinery Utilities CRU. This will only occur once an assessment has been conducted on the party's reliability and whether they fulfill their commitments.
The approximately 496,000 barrels of fuel oil were required to yield a minimum of just over $9 million. This amount is equivalent to the outstanding debt of CRU, a subsidiary of the government-owned company Refineria di Kòrsou, RdK.
Since September 2022, the barrels have been stored at the Bullenbaai oil terminal. The former preferred bidder for the refinery takeover, Caribbean Petroleum Refinery (CPR), had a contract for oil storage in Bullenbaai.
The debt arose because CPR, the company set to acquire the refinery that started oil transshipment in Bullenbaai, failed to fulfill its agreements.