Courts in Curacao and Bonaire lift ConocoPhillips embargo

KRALENDIJK/WILLEMSTAD – The courts in both Curacao and Bonaire Friday lifted embargos previously honored on request of ConocoPhillips. While the embargos were to be lifted, any payment on petroleum delivery were to be placed on special bank account until it was clear who the owner of the embargoed oil was, ConocoPhillips or PDVSA. The courts also ordered PDVSA to resume delivery of petroleum to both islands. Both courts determined that whilst ConocoPhillips was in its right to claim PDVSA, a commercial dispute between two companies could not disrupt a community because of gasoline and electricity shortage