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View Full Version : CONEP on Refinery deal



NewsWhore
06-19-2009, 05:50 PM
The National Business Council (Conep) has described the purchase of 49% stock in the Dominican Oil Refinery (Refidomsa) by Venezuela's PDVSA as "too risky". Conep president Lisandro Macarulla expressed his concern that the deal could affect the nation's petroleum supply and mentioned Venezuelan President Hugo Chavez's track record against free enterprise in his own country. The business leader called on Dominican officials to think twice before selling to Venezuela.
Meanwhile, Diario Libre columnist economist Gustavo Volmar only sees a problem in the deal if the contract awards the refinery exclusivity or privileged import of fuel.

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