Memorandum of Understanding signed by PdVSA

Asdrúbal Chávez, vice president of PdVSA, a Venezuelan state-owned oil company, signed a Memorandum of Understanding (MoU), along with José van den Wall Arnemann, director of Refineria di Kòrsou (RdK), Mariselle Maduro, chairman of the board of RdK and Prime Minister, Ivar Asjes. The memorandum shows agreement among the respective parties to seek a third party to make the necessary investments to modernize the Isla refinery, which needs to take place in six months, as per the MoU.