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Santo Domingo.- No rocket science needed to calculate the value of the company Shell’s shares in the Dominican Petroleum Refinery (Refidomsa), according to the newspaper Diario Libre, although blames the lack of available data for maknig the task more complicated.

Nonetheless it affirms that from the shares’ price-profit relation in the petroleum refinement industry and in the international market, and taking into account that the Dominican State doesn’t have to pay for the monopoly to import, it obtained the figure of US$87,550,000.

Shell’s representatives in the country say they seek about US$180 million, while an former Refidomsa president said it’s worth not more than US$110 million.

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COMMENTS
3 comment(s)
Written by: Cacique, 18 Dec 2007 10:38 AM
From: Dominican Republic
Let's see....2 plus 2, hmm, the cut for Juan, and of course can't forget Jose, and yup, there's that union guy...boy that was easy, we'll pay only threee gazillion!
Written by: MrThelmoAlmeydaRancier, 18 Dec 2007 7:50 PM
From: United States, NJ
If gvt wants to buy this refinery it has to take lots of things into account :age of it ,depreciation as well as cost to operate same.
Aalso no sence to have a refinery without a supply of oil at reasonable cost . Not at US$100/barrel.
Written by: Hatuey, 22 Dec 2007 8:59 PM
From: Dominican Republic
too many foregin companies trying to take advantage of third world countries by overcharging over priced equipment and services. I think even a theif would know he is being robbed.
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