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In page Curaçao:
"Curaçao experienced an economic downturn in the early 1980s. Shell's refinery on the island operated with significant losses from 1975 to 1979, and again from 1982 to 1985. Persistent losses, global overproduction, stronger competition, and low market expectations threatened the refinery's future. In 1985, after 70 years, Royal Dutch Shell decided to end its activities on Curaçao. This came at a crucial moment. Curaçao's fragile economy had been stagnant for some time. Several revenue-generating sectors suffered even more during this period: tourism from Venezuela collapsed after the devaluation of the bolivar, and a slowdown in the transportation sector had deleterious effects on the Antillean Airline Company and the Curaçao Dry Dock Company.[citation needed]
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