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To buy or not to buy - is Venezuela stalling on REFIDOMSA?
posted on: Feb 3 2010 9:4 by Royston. Viewed 356 times.
Dominican Finance Minister Vicente Bengoa said today that he has not yet received official information from Venezuela on that country's reported loss of interest in the purchase of the Dominican Petroleum Refinery.
He said the talks have been postponed several times because it was planned that President Hugo Chvez would come to the country and that has not been possible.
He argued that people who are involved in the negotiations are "very busy" For that reason they c have not been able to come to the country to complete the process. And he added that this situation can not be described as bizarre. He said the government is in no hurry in selling REFIDOMSA and that business will be conducted in the manner which best suits the Dominican State.
Bengoa believes that as the negotiations have been ongoing for one year, waiting a fortnight or month means is not important.
On the other hand, he said, regarding the possibility of the private sector acquiring REFIDOMSA, it's not that we have precluded entrepreneurs from making the acquisition, but we would not want to return to the previous system where Shell had a monopoly.
Bengoa spoke during an interview on the Today program which was transmitted on Channel 9.
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