The Bureau of Hydrocarbons is part of the Ministry of Industry.
| Bureau of Hydrocarbons | |
|---|---|
| Bureau of the Ministry of Industry | |
| Employees | 33,340 |
| Established | 1947 |
| Headquarters | Commonwealth Petroleum Precinct, Curacao |
The Bureau of Hydrocarbons regulates oil and gas in the Commonwealth, mostly through Commonwealth Oil, the national oil company. It licenses the offshore fields and assesses the royalty on what they produce, which is 55 per cent of receipts. It is part of the Ministry of Industry.
Since most of the country runs on nuclear power, the bureau is concerned mostly with exports, and the Commonwealth does well with them – oil and gas raised about β¦100 billion in 2063.
The bureau was established in 1947, and is the oldest in the ministry. Most of the oil it licenses is raised offshore, in the fields of the Kalina republics, off Kala and around Hetland, and is refined at Sullom Voe in Hetland and at the large refineries of Aruba and Curacao. There are very few pipelines over land, and so most crude oil moves between the islands by tanker. Undersea pipelines also connect the Commonwealth to the oil grids of the United States and South America. Commonwealth Oil moved its headquarters from Oslola to Kairi in 2044 to be closer to the West Indies fields.
Department of Production & Refining
23,400Crude oil and natural gas, and their refining.
Department of Distribution & Reserves
8,620Pipelines, depots, strategic stocks and emergency supply.