Energy and commodity trading group Mercuria has begun to store oil at the beleaguered Bullenbaai oil terminal in in Curaçao in the Dutch Caribbean, according to reports.
Site owner Refineria di Korsou (RdK) told Argus Media that it had signed a six-month lease with Mercuria on 15 December 2020, for the use of 1.2 million bbl of products and crude storage. The lease can be extended with mutual agreement.
Argus reports that the first cargo under the lease, of 318,000 bbl of diesel, was delivered by the Liberia-flagged Largo Sun, a medium-range vessel, which left the terminal on 17 April 2021.
The Bullenbaai refinery and terminal complex has faced uncertain times since Venezuelan state oil firm PdV, which formally ran it, pulled out following political turmoil in Venezuela, and a deal with Klesch to operate the assets collapsed in December 2019, leaving it largely abandoned. CRU and RdK have since spent more than ANG 5 million (€2.4 million) to bring some of the tanks back into service. In November 2020, a deal to store oil at the terminal between US-based oil, gas and mining company SPS Drilling E&P and Curaçao Refinery Utilities RV (CRU), an affiliate of RdK, collapsed after the companies failed to agree tariffs. Argus reports that RdK is currently in talks with the Corc consortium, led by Dutch contractor Dick and Doof, to restart the refinery.