NewsWhore
04-23-2010, 03:20 PM
A possible reason being given for the latest postponement of the signing of the Venezuelan purchase of 49% stake in the Dominican Petroleum Refinery is that Venezuela wants the DR to capitalize more of the needed renovation investment.
El Dia reports that the rehabilitation is estimated to cost US$1.2 billion.
The deal is due to be signed with PDVSA, the Venezuelan petroleum company. The company has reportedly taken on a large amount of debt to develop new reserves in the Orinoco.
http://www.eldia.com.do/nacionales/2010/4/22/23965/... (http://www.eldia.com.do/nacionales/2010/4/22/23965/Venezuela-pide-RD-invierta-ampliacion-de-la-Refidomsa)
More... (http://www.dr1.com/index.html#1)
El Dia reports that the rehabilitation is estimated to cost US$1.2 billion.
The deal is due to be signed with PDVSA, the Venezuelan petroleum company. The company has reportedly taken on a large amount of debt to develop new reserves in the Orinoco.
http://www.eldia.com.do/nacionales/2010/4/22/23965/... (http://www.eldia.com.do/nacionales/2010/4/22/23965/Venezuela-pide-RD-invierta-ampliacion-de-la-Refidomsa)
More... (http://www.dr1.com/index.html#1)