NewsWhore
05-27-2008, 04:30 PM
The government presented Shell oil company an offer to purchase its 50% shares in the Dominican Petroleum Refinery (REFIDOMSA). The terms of the offer have not been disclosed, though it is rumored to be worth around US$183 million. Shell representative Rafael Maradiaga said that so far the process has been very constructive. Hacienda Minister Vicente Bengoa is hoping for a quick purchase process. Hoy writes that the government plans to use the estimated US$149 million of its share of the profits from Shell's operations in 2006-2007 to purchase the 50%.
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