Conoco has seized Venezuela PDVSA products from Isla refinery: Curacao

(Reuters) – U.S. oil major ConocoPhillips (N:) has seized products belonging to Venezuelan state oil company PDVSA [PDVSA.UL] from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday.

“PDVSA products from the installations of the Isla refinery have been confiscated. We don’t have any way to get them,” said Steven Martina, Curacao’s minister for economic development, who did not provide the volume or value of the seized products.

Martina added that Curacao was planning to meet with PDVSA and Conoco this week to discuss the arbitration dispute that has led Conoco to seize Venezuelan assets in the Caribbean, wreaking havoc on PDVSA’s export chain.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.