NewsWhore
06-17-2008, 05:20 PM
The DR has to pay Venezuela US$4.04 million in interest on the PetroCaribe fuel agreement by the end of the year and must pay US$18.7 million in interest for 2009. The Hacienda Ministry says that every time the Dominican Refinery (REFIDOMSA) receives fuel from Venezuela it pays 60% of the cost in cash. The remaining 40% is credited as revenue for the Dominican government. Hacienda Minister Vicente Bengoa said that the DR has collected US$720 million in revenue from Petro Caribe, which has been invested in the State-run Electricity Companies (CDEEE). Bengoa said that the US$18.7 million would be paid with agricultural products, medicines or tourism services.
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More... (http://www.dr1.com/index.html#2)