NewsWhore
06-25-2009, 04:30 PM
President Leonel Fernandez all but told media directors meeting at the Presidential Palace yesterday that the Dominican government deal that involves the transfer 49% of shares in Refidomsa to the Venezuelan government petroleum company PDVSA is a done deal. There will be no tender for the shares. The deal is for US$130 million, and will mostly be paid for in oil supply.
Business leaders have expressed concern about Venezuelan President Hugo Chavez's recent anti-business practices in Venezuela. They also warned that the sale could create a monopoly, but President Fernandez said that the deal does not oblige the Dominican government to source its fuel from Venezuela. He said that currently 75% of the oil imported is from Venezuela and 25% from Mexico.
Fernandez said that the criticism was "an emotional reaction due to lack of information. Nevertheless, he said the contract could not be made public because until it was signed "there is no contract." He also denied that the government is obliged to send the contract draft to Congress.
Fernandez said that prior to deciding to go with Venezuela, the government held talks with Brazil and Mexico's state oil corporations. Venezuela was chosen as a strategic partner, said the President, not only for its assistance in expanding the refinery, but because it has been a reliable supplier.
President Fernandez said that they would make the most of Venezuelan President Hugo Chavez's presence during the events celebrating the 100 anniversary of Professor Juan Bosch's birth, to sign a letter of intent for the shares sale, scheduled for 30 June 2009.
During the luncheon to share details on the Refidomsa deal hosted by President Leonel Fernandez, others attending were Presidency Secretary Cesar Pina Toribio, Presidential Legal Advisor Abel Rodriguez del Orbe, Refidomsa general manager Viriato Sanchez, lawyer Mariano German and Presidential Press Director Rafael Nunez.
More... (http://www.dr1.com/index.html#1)
Business leaders have expressed concern about Venezuelan President Hugo Chavez's recent anti-business practices in Venezuela. They also warned that the sale could create a monopoly, but President Fernandez said that the deal does not oblige the Dominican government to source its fuel from Venezuela. He said that currently 75% of the oil imported is from Venezuela and 25% from Mexico.
Fernandez said that the criticism was "an emotional reaction due to lack of information. Nevertheless, he said the contract could not be made public because until it was signed "there is no contract." He also denied that the government is obliged to send the contract draft to Congress.
Fernandez said that prior to deciding to go with Venezuela, the government held talks with Brazil and Mexico's state oil corporations. Venezuela was chosen as a strategic partner, said the President, not only for its assistance in expanding the refinery, but because it has been a reliable supplier.
President Fernandez said that they would make the most of Venezuelan President Hugo Chavez's presence during the events celebrating the 100 anniversary of Professor Juan Bosch's birth, to sign a letter of intent for the shares sale, scheduled for 30 June 2009.
During the luncheon to share details on the Refidomsa deal hosted by President Leonel Fernandez, others attending were Presidency Secretary Cesar Pina Toribio, Presidential Legal Advisor Abel Rodriguez del Orbe, Refidomsa general manager Viriato Sanchez, lawyer Mariano German and Presidential Press Director Rafael Nunez.
More... (http://www.dr1.com/index.html#1)