NewsWhore
11-23-2007, 02:10 PM
President Leonel Fernandez is awaiting a report that will determine whether the DR needs to find a private partner for the DR's total purchase and management of the Dominican Petroleum Refinery. Speaking to reporters outside the National Police headquarters, Fernandez explained that the Ministry of Hacienda would be in charge of purchasing Shell's remaining shares in the Dominican Refinery. Hoy writes that some experts are saying that new investment is needed so the refinery can increase its daily capacity from 33,000 to 140,000 barrels per day to better serve local demands. Hacienda Minister Vicente Bengoa said that the government still doesn't have a negotiation plan and that the sum of US$183 million that has been mentioned as a possible price for Shell's shares is just a starting point for negotiations.
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