Press Release

SHORT-LIST OF PARTIES SELECTED TO ENTER BINDING PROPOSALS TO MANAGE AND OPERATE THE OIL FACILTIES IN CURAÇAO

Willemstad October 30th, 2020. In a press release  of October 14th RDK informed the community on the status of the process of finding a new strategic partner for the refinery assets in Curacao. On that occassion RDK informed about the  number of interested parties that submitted  their non-binding proposal.

On October 26th the evaluation committee  analyzed and studied the recieved non-binding proposals of all interested parties and selected a short list of parties that could under specific conditions give the best contribution and ensure succes of project Arawak. The main objective of project Arawak, as it is known,  is to find and select the best strategic partner  to manage and operate the refinery, Bullenbay and the utility plant CRU for the long- term.

The evaluation committee presented their final advice to the Board of Directors and Supervisory Board of RDK and with their approval PMO will under specific conditions continue to the next phase with a short list of interested and potential partners for the oil facilties in Curacao.

The next steps are now for the short listed parties to submit a binding proposal not later than November 27th. After that  the evaluation committee will select a preferred bidder on December 4th to start  negotiations for the management and operation of the oil facilties . The above is in accordance with the  timeline of project Arawak as previously approved by the Council of Ministers.

RDK will continue its efforts to inform the community on this important process to find the strategic partner for the oil industry in Curacao.

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