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View Full Version : Anadegas rejects Shell purchase



NewsWhore
02-17-2009, 01:10 PM
The National Association of Gasoline Retailers (ANADEGAS) reiterated its negative stance regarding the government's intentions to purchase the Shell gasoline stations as a way to guarantee that the state does not lose the investment in the purchase it made of the shares owned by Shell in the Dominican Refinery. Juan Ignacio Espaillat, the president of the association, told Diario Libre that the associates "are not in agreement with the state becoming a competitor to the other gasoline stations, because that is not the role of the state."
The members of Anadegas, that supported the government initiative to purchase the rights to purchase fuels on the international market with the understanding that this would generate benefits for the whole group, feel that it is "hopeless" that the distribution procedure of fuel throughout the country remain as it is now, which is to say, managed by a chain of private distributors. For this, they are proposing to agree to a contract with the government in which the retailers that purchase fuel from Shell are obliged to continue doing business with the Dominican National Refinery for 20 years while the government creates a sovereign guarantee that will permit Anadegas associates and non-members to acquire the stations that are on land owned by the company. According to Espaillat, in this way the fears that exist in the state will vanish that if another sector buys the Shell stations this will affect the public investment that has already been made.

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