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June 14, 2017

Volume 17 Issue 52

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Curacao in Talks with GZE

Curacao is working to finalize an agreement for a 40-year lease of its Isla refinery to Chinese oil trader Guangdong Zhenrong Energy. According to a preliminary agreement reached last year, the deal would require GZE to invest $10 billion to upgrade the facility, which includes Latin America’s second-largest base oil plant.