Operator Vigor has firmly pushed again in opposition to options that oil saved on the ISLA refinery in Emmastad and the Bullenbaai storage terminal might be seized to cowl alleged excellent funds to state-owned firm 2Bays.
In accordance with Vigor, the oil in query doesn’t belong to the corporate and is due to this fact not topic to any type of attachment or seizure.
Senior representatives of Vigor on Curaçao say the corporate was taken without warning by public statements suggesting that the oil might be used as collateral or leverage. They stress that Vigor itself is satisfied it has no web debt towards 2Bays.
Vigor needs to make clear that the oil referred to in current reviews is the property of third events, not of Vigor, and in any case shouldn’t be topic to seizure, a high official of the corporate acknowledged.
Whereas the official declined to be named, it’s clear that Vigor’s native administration is intently monitoring the political and public debate surrounding the difficulty?
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The controversy follows remarks made by Prime Minister Gilmar ‘Pik’ Pisas throughout final week’s parliamentary debate on the 2026 nationwide finances.
Throughout that session, Pisas expressed frustration over what he described as a fee arrears of roughly 8.2 million US {dollars} allegedly owed by Vigor to 2Bays, the government-owned firm liable for managing the previous refinery property.
Vigor’s response highlights a rising divergence between the corporate’s place and that of the federal government.
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By emphasizing that the oil belongs to 3rd events, Vigor is successfully drawing a authorized line round property below its operational management however not its possession.
The dispute comes at a delicate second, as Curaçao continues to hunt stability and readability across the future of its vitality infrastructure and the long-term operation of the ISLA and Bullenbaai services.
Whether or not the disagreement will escalate additional, or result in formal authorized or contractual clarification between Vigor and 2Bays, stays to be seen.
Curacao Chronicle / ABC Flash Level Weblog Web site 2025.
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