Refidomsa negotiations

[NewsWhore]

Hacienda Minister Vicente Bengoa has announced that the process of negotiation for purchasing Shell's remaining shares in the Dominican Petroleum Refinery (REFIDOMSA) is now open. Bengoa said that the government has taken international counsel to determine the true value of Shell's shares and added that at no time was a US$183 million price tag established. Bengoa explained that Shell reported that a company offering US$183 million had won a tender for the share held by the company. Bengoa said he would be meeting with Shell representative Rafael Maradiaga today. Responding to Arturo Martinez Moya's assertion that the government shouldn't pay more than US$110 million, Bengoa joked that since Martinez is an international assessor, he would hire him as an advisor in the negotiations.

More... (http://www.dr1.com/index.html#2)