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

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

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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.

12 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

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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