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Pisas to Pitch Curaçao Oil Refinery Restart to U.S. and Venezuela at UNPhoto: Curaçao Chronicle
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Pisas to Pitch Curaçao Oil Refinery Restart to U.S. and Venezuela at UN

Source: Curaçao Chronicle·1 hour ago·Curaçao·1 min read

Curaçao Prime Minister Gilmar Pisas plans to use the United Nations General Assembly as a diplomatic platform to advance efforts to restart the Isla oil refinery, a long-idle facility central to the island's economic ambitions. Pisas intends to hold bilateral discussions with both U.S. and Venezuelan officials on the sidelines of the UN meetings, seeking to navigate the complex geopolitical landscape that has stalled refinery negotiations for years. The Isla refinery, formerly operated by Venezuela's state oil company PDVSA, has been shut down since 2019, leaving a significant gap in Curaçao's industrial economy and employment base. Restarting the refinery requires cooperation from Venezuela as a potential oil supplier and tacit approval — or at least non-interference — from the United States, which maintains sanctions on Caracas. The discussions reflect Curaçao's delicate balancing act between maintaining ties with Washington while pursuing economic opportunities tied to Venezuelan crude. A successful restart could bring thousands of jobs and substantial revenue to the island, making it one of the most consequential economic decisions in Curaçao's recent history. The outcome of these high-level conversations could determine whether the refinery sees new life or remains dormant indefinitely.

Key Facts
  • Prime Minister Pisas will seek meetings with U.S. and Venezuelan officials at the UN General Assembly to discuss restarting Curaçao's Isla oil refinery.
  • The Isla refinery has been shut down since 2019 after PDVSA, Venezuela's state oil company, ended its operations there.
  • Restarting the refinery is complicated by U.S. sanctions on Venezuela, requiring diplomatic finesse from Curaçao's leadership.
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