13-12-2016 08:45 via uk.news.yahoo.com

China suitor tightens grip on Curacao oil project

By Chen Aizhu and Marianna Parraga BEIJING/HOUSTON (Reuters) - China's Guangdong Zhenrong Energy Co will submit a plan by April to revamp a century-old oil refinery in Curacao, as it seeks to secure a $5.5 billion (4.34 billion pounds) project that will give China a foothold in the Caribbean's second-largest oil refinery. Guangdong Zhenrong, a commodity trader with strong backing from Beijing, signed a binding framework pact with Curacao's government on Nov. 19, Chen Bingyan, the firm's director
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