NewsWhore
11-26-2007, 03:50 PM
The fact that the state might have to construct a brand-new refinery to supply local demand has heated up the debate regarding the sale of the Shell Company's 50% stake in the refinery. The current refinery was designed in the 1960s and built in the 1970s. In addition, government officials have stated that the sale price should be just US$110 million, rather than the US$183 million that Shell is requesting. The president of the National Energy Commission, Aristides Fernandez Zucco, told Diario Libre reporters that the Dominican Republic enjoys a privileged geographical position that should allow it to export processed petroleum products if it had a much larger refinery. Meanwhile, experts such as Jose Luis Moreno San Juan and Conrado Depratt remarked that an expansion of the current refinery would not be possible.
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