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Lack of quorum blocks approval of REFIDOMSA sale

posted on: Jun 25 2010 10:54 by Royston. Viewed 336 times.

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The sale of 49% shares in REFIDOMSA, the Dominican oil refinery, is still beset by problems.

After many delays and excuses, the deal was finally signed by the Venezuelan and Dominican governments, however it now needs to be ratified by Congress. This final step was denied on Thursday as there were insufficient Senators present for a quorum to be established.

Senate president Reinaldo Pared set a date of next  Tuesday 29th, at 3:00 pm to deal with the contract for the sale of Refidomsa, as well as other pending business.

It is not clear whether the poor showing was a deliberate act of protest by opponents of the sale or just a lazy day for senators.

The only members of the house who turned up were Reinaldo Pared Prez, Cristina Lizardo, Wilton Guerrero, Francisco Domnguez Brito, Prin Pujals, Flix Vsquez, Dionis Snchez, Rubn Daro Cruz and Jess Vsquez.



12 related news articles

Government seeks to transfer funds for electricity sector: Jun 25 2010

Finally, REFIDOMSA shares sold to Venezuela: May 7 2010

Chavez arrives today to sign purchase agreement for REFIDOMSA: May 5 2010

Refidomsa sale postponed - again: Apr 20 2010

Venezuela confirms it will (finally) buy 49% of REFIDOMSA: Apr 6 2010

Fernandez on Economy, Electricity, Refidomsa and Agosto: Feb 25 2010

Refidomsa shows profits and private sector interest grows: Feb 3 2010

To buy or not to buy - is Venezuela stalling on REFIDOMSA?: Feb 3 2010

Venezuela drops out of deal to buy Refidomsa: Jan 22 2010

Shell sells - to Sol: Nov 22 2009

Venezuela buys 49% stake in Dominican Republics refinery for US$131.5M: Nov 1 2009

Dominican Republic receives US$20 million loan from Petrocaribe starts to pay off debts: Sep 27 2009

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