Refidomsa shows profits and private sector interest grows

posted on: Feb 3 2010 12:30 by Royston. Viewed 432 times.


The Dominican Petroleum Refinery (Refidomsa) closed the year 2009 with a gross profit of RD $ 2,190 million, which, after paying taxes in the DR was $ 1.651 billion, Finance Minister Vicente Bengoa announced on Monday.

He said the tax was RD $ 538 million, but in the end this is still profit, because the company is 100% state owned. The official went on to say the government was not opposed in principle to Dominican private sector participation, however the fact that investors will want 50% or more is not the best prospect for the country.

The National Business Council (CONEP) are pressing demands to participate in a tender for the Dominican refinery.

Lisandro Macarrulla Tavares, president of Conep,  stressed that Council members are strongly interested in acquiring shares in the refinery.

Referring to the government of Venezuela and it�s apparent  disinterest in buying  49% of the shares in Refidomsa, he said that a new policy was needed to manage this situation, since it is crucial to the nation's economic development and stability. He went on to say that these Dominican capital groups should have the opportunity to participate in a public tender, especially as they have been supporting the economy by paying taxes and creating jobs.

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