WILLEMSTAD - Curaçao Refinery (RdK) and takeover candidate CORC recently signed the draft deed for the transfer of the refinery and the Bullen Bay installations. “We now have to wait for the negotiations between the government and CORC before the process can be completed,” says an RdK representative
RdK and Curaçao Oil Refinery Company (CORC) have drawn up agreements on the maintenance of the installations, rent or leasehold and the minimum throughput of crude oil. If the supervisory board of RdK and the government (as shareholder) give approval, the final takeover agreement can go to the civil-law notary.
In addition to the negotiations between RdK and CORC - which are now almost completed - the government is still negotiating with CORC. They still have to negotiate on a number of important topics. Think of employment, tax benefits and (environmental) permits. Only when all these matters have been completed will there be the green light for the acquisition of the refinery.
Two weeks ago, the RdK director indicated that he had everything ready before June 30. That day is an important date; then the employment contracts with the current employees of the refinery will expire. Rdk still employs 550 people from the refinery.