A Curacao refinery has received a court order requiring shippers to discharge a cargo of Venezuelan oil seized by maritime companies due to debts owned by Venezuela's state-run company PDVSA, Refineria di Korsou said in a statement on Monday.
The 209,000-barrel-per-day Aruba refinery, operated by a unit of U.S. Citgo Petroleum, is putting a $685 million refurbishment on hold due to sanctions imposed on Venezuela by the United States last month, the company said on Monday.
A Citgo Petroleum Corp refining unit in Aruba plans to dismiss workers following sanctions imposed by the United States on Venezuela's state-run PDVSA, the parent company of the U.S. refining firm, the island's prime minister said on Friday.
Aug 15 A unit of Citgo Petroleum in
September plans to resume long-delayed work to refurbish an
idled, 235,000-barrel-per-day (bpd) oil refinery on Aruba, the
Caribbean island's government said on Wednesday.
Curacao's Isla refinery is considering offers from 15 companies interested in temporarily operating the 335,000-barrel-per-day facility to replace the current operator, Venezuela's ailing PDVSA state oil company, the refinery and the Curacao government said in a joint statement on Monday.
The 335,000-barrel-per-day Isla refinery operated by Venezuela's state-run PDVSA in Curacao is working at minimum capacity while awaiting new crude shipments and as a tanker backlog in the country's ports began to ease, four sources close to the facility told Reuters on Monday.
A court in Aruba on Wednesday lifted liens on two oil cargoes put in place by ConocoPhillips as part of a legal strategy to enforce a $2 billion arbitration decision, the latest reversal for the U.S. oil firm's collection efforts.
U.S. oil company ConocoPhillips has brought new court actions to seize two cargoes of crude and fuel near a terminal operated by PDVSA subsidiary Citgo Petroleum in Aruba, the Aruban government confirmed on Tuesday.
U.S. oil major ConocoPhillips has seized products belonging to Venezuelan state oil company PDVSA [PDVSA.UL] from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday.
ORANJESTAD, Sept 27 Aruba's parliament late on
Tuesday approved a law that permits the reactivation of the
Caribbean island's 235,000 barrel-per-day refinery, operated by
Citgo Petroleum, the U.S. unit of cash-strapped Venezuelan state
oil company PDVSA.