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Curacao seeking $162 million from PDVSA for refinery operations

Curacao is pursuing a $162 Mn arbitration claim against PDVSA over its management of the island’s oil refinery. It recently seized a PDVSA-owned oil storage terminal in Bonaire to enforce claims for overdue payments, maintenance costs and environmental damage.

With regards the refinery Curacao expects a contract with commodities firm Klesch Group to operate the 335kbd (16.75Mnta) Isla refinery and its storage facilities will be delayed until May or June due to travel restrictions during the coronavirus pandemic.