Bullenbaai is functioning again to generate income and employment
WILLEMSTAD - While Refineria di Kòrsou (RdK) is working diligently to conclude the negotiations for a long-term lease agreement with Caribbean Petroleum Refinery (CPR), Curacao Refinery Utilities (CRU), a subsidiary of RdK, has reached an agreement with CPR that allows CPR to store products at the terminal at Bullenbaai.
The storage agreement is independent of the long-term agreement that regards management and operation of the refinery and Bullenbaai terminal, which RdK and CPR are currently negotiating. The agreement entails that CPR can store up to 7-million-barrels of products at the terminal. Thanks to this agreement we can expect activities relating to unloading and loading of cargo vessels plus transshipment activities at Bullenbaai to start shortly. This will generate income for CRU, more employment opportunities at the terminal and additionally it also creates business opportunities for Kompania di Tou Kòrsou (KTK).
In the meantime, the negotiations continue with the solid aim of reaching a Heads of Agreement as soon as possible.