News – Argus Media

Curacao rattled by ConocoPhillips-PdV dispute

Bogota, 8 May (Argus) — The Dutch-controlled island of Curacao is taking “pre-emptive and precautionary steps” to ensure local oil supply in the face of a threatened court-ordered seizure of Venezuelan oil assets by US independent ConocoPhillips, the prime minister´s office said late today.

“As per our latest information ConocoPhillips has not seized anything on Curaçao yet,” the office said. “Vessels that were to call on Curaçao on which there is an attachment have been strategically diverted to Venezuelan ports.”

Venezuelan state-owned oil company PdV operates the 320,000 b/d Isla refinery under a long-term lease that expires at the end of 2019. The company also leases the nearby Bullen Bay terminal for transshipment and storage, part of a…

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