Curacao's state-owned Isla oil refinery, which is operated by Venezuelan st...
FILE PHOTO: Isla Oil Refinery PDVSA terminal is seen in Willemstad on the island of Curacao, February 22, 2019. REUTERS/Henry Romero
The U.S. Treasury Department slapped sanctions on PDVSA in late January in a bid to force out socialist President Nicolas Maduro, who has overseen a collapse in the OPEC member nation’s economy. The exemption comes as Curacao’s government seeks a new partner to replace PDVSA as the operator of the 335,000 barrel-per-day refinery, possibly before PDVSA’s contract to run the facility expires at the end of 2019.
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