PdVSA Mulls Isla Refinery Options

State-run Petróleos de Venezuela (PdVSA) is yet to decide on what to do with its Isla refinery on the Caribbean island of Curaçao, which has been shut since March 2009. PdVSA has been required to invest up to US$1.5bn on a refinery upgrade by the local government, a potentially prohibitive sum for the cash-strapped Venezuelan firm.

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