NewsWhore
08-03-2011, 04:10 PM
President Leonel Fernandez became quite upset for a moment during a meeting with businessmen interested in investing in the natural gas business. According to Hoy reporter Adalberto de la Rosa, during an explanation given by the advisor to the National Association of Gasoline Retailers (Anadegas), Juan Ignacio Espaillat, who said that the business was not very profitable, Fernandez apparently reacted angrily and asked them why they had come to the Presidential Palace if it was not profitable. He said that at no point had any of the businessmen said anything about the business not being profitable and he was stunned to discover this during such a meeting that was called to discuss the obstacles to the fast-tracking of installing of natural gas filling units at gas stations.
Listin Diario reports that the President went as far as to ask them to turn in their licenses to import natural gas, saying that he was amazed at their statements.
The President made it clear that at some stage the government would have to apply a tax on natural gas but up until now the administration's priority is to provide incentives for investing in the sector.
In response to the President's obvious dismay and anger, some of the businessmen tried to save the situation.
The manager of AES Dominicana, Marco de la Rosa, said that the business was profitable, but on a longer timescale compared to other fuels.
Before the President's angry outburst, a struggle was in evidence between the ministers of Industry and Commerce and Environment over the granting of licenses and permits for the installation of natural gas distribution centers.
More... (http://www.dr1.com/index.html#4)
Listin Diario reports that the President went as far as to ask them to turn in their licenses to import natural gas, saying that he was amazed at their statements.
The President made it clear that at some stage the government would have to apply a tax on natural gas but up until now the administration's priority is to provide incentives for investing in the sector.
In response to the President's obvious dismay and anger, some of the businessmen tried to save the situation.
The manager of AES Dominicana, Marco de la Rosa, said that the business was profitable, but on a longer timescale compared to other fuels.
Before the President's angry outburst, a struggle was in evidence between the ministers of Industry and Commerce and Environment over the granting of licenses and permits for the installation of natural gas distribution centers.
More... (http://www.dr1.com/index.html#4)