To buy or not to buy - is Venezuela stalling on REFIDOMSA?

posted on: Feb 3 2010 9:4 by Royston. Viewed 337 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 Ch�vez 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.

14 related news articles

Lack of quorum blocks approval of REFIDOMSA sale: Jun 25 2010

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

Billions of dollars in bonds for road works: Mar 4 2010

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

Government fails to reduce debt to electric companies, crisis deepens: Feb 18 2010

Refidomsa shows profits and private sector interest grows: 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 Republic�s 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