Friday, January 24, 2025

Curacao Cancels $10 Billion Deal with China Firm

From Reuters The government of Curacao has scrapped a preliminary agreement with China’s Guangdong Zhenrong Energy (GZE) to operate the island’s aging Isla refinery, saying the company misrepresented itself and was unable to take on such a large endeavor. GZE said the decision violated the terms of the agreement and the company may initiate arbitration to resolve the dispute, according