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Venezuela's PDVSA is negotiating the refining of the Curaçao refinery

Venezuelan state-owned oil company PDVSA said on Friday that it is in talks to continue leasing the Isla leasing plant in Curacao.

25.Aug.17 3:00 PM
By Daria Zaytseva


Venezuela's PDVSA is negotiating the refining of the Curaçao refinery

But also the company is open for interaction with Chinese partners after a preliminary deal between the island and the Chinese company Guangdong Zhenrong Energy for the management of this complex.

PDVSA for decades operated an oil refinery, which was opened in 1918 under a lease.

Chinese Guangdong Zhenrong Energy Co, a commodity trader with strong support from Beijing, signed in November an obligatory framework pact with the government of Curacao.

If the deal continues, the Chinese firm will replace PDVSA as the operator of Isla, tightening control over the Venezuelan oil industry.

PDVSA said that its lease, which expires in 2019, is not subject to revision, but on Friday, it seems, opened the door for cooperation with China.

The PDVSA statement says that there is a great business potential for interacting with Chinese partners or a world-class investor to manage this infrastructure, adding that he is "advancing" in negotiations to continue leasing at an oil refinery.

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