Venezuela confirms it will (finally) buy 49% of REFIDOMSA

posted on: Apr 6 2010 9:52 by Royston. Viewed 379 times.


President Leonel Fernandez will travel on 19th of this month to Venezuela to sign the agreement for the sale of 49 percent of the shares of the Dominican Petroleum Refinery (Refidomsa) to Venezuela.

After a meeting yesterday with Fernandez, Venezuela's Foreign Minister Nicolas Maduro said his country remains interested in acquiring 49 percent of the Dominican Petroleum Refinery (Refidomsa).

In this regard, Maduro said that in a few weeks and everything would be set in place for what he called a great partnership between Petroleos de Venezuela, SA (PDVSA) and  Refidomsa to put the company at full capacity.

He said that there will be working meetings between authorities in Venezuela and the Dominican Republic next week and the alliance "will be a reality."

Maduro said the delays in reaching an agreement on the purchase of shares in Refidomsa had been due to technical problems.

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