(WSJ, 3.Feb.2023) — Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator […]
Tag: RdK
Venezuela Close To Losing More Overseas Assets
(Argus, 30.Sep.2021) — A Dutch court has dealt the latest blow to Venezuela’s shrinking overseas portfolio that neither the Venezuelan government nor its political foes has succeeded in defending from creditors and arbitration claimants. In a 14 September Dutch appeals court ruling, Curacao’s state-owned RdK won the right to sell […]
Mercuria Breathes Life Into Curacao Oil Storage
(Argus, 19.Apr.2021) — Trading company Mercuria started using oil storage at the Bullen Bay terminal in Curacao under a previously undisclosed short-term lease signed in December. The Liberia-flagged Largo Sun delivered a first cargo to the terminal last week, breathing life into the long-dormant terminal. The medium-range tanker departed from […]
Curacao Fuel Sale Touches Venezuela Sanctions Nerve
(Argus, 18.Aug.2020) — A fuel oil cargo stuck off of the Dutch Caribbean island of Curacao is about to be released to an unnamed buyer in a closely monitored transaction that highlights maritime sensitivity to US sanctions on Venezuela. The Liberia-flagged Panamax Promoter loaded the cargo early this month at […]
Curacao Seizes PDVSA Oil Terminal In Dutch Caribbean
(Reuters, 20.Mar.2020) — Curacao state-owned oil refinery Refineria di Korsou (RdK) on Friday seized an oil storage terminal on the Dutch Caribbean island of Bonaire over a payment dispute with Venezuela’s state-run PDVSA oil firm, a RdK official said. Curacao will seek Dutch court approvals to sell Bonaire Petroleum Corp […]