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Santo Domingo.- Government officials will meet with executives of the company Shell again today, this time to negotiate the sale of the Anglo-Dutch company’s shares in the Dominican Petroleum Refinery.

Three Shell executives arrived in the country yesterday, who’ll meet with Hacienda minister Vicente Bengoa, said the company’s representative, Rafael Maradiaga.

Three weeks ago President Leonel Fernandez said the Government would purchase Shell’s stake in the refinery, a transaction he said would provide more benefits from the country’s oil deal with Venezuela, Petrocaribe.

 

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COMMENTS
2 comment(s)
Written by: JD, 6 Dec 2007 7:22 PM
From: Washington DC
Just determine "depreciated" book value and nationalize it at that price. DO NOT pay a premium because the Dominican people deserve something that will actually benefit them, lower their cost of living and help them live better.
Written by: MrThelmoAlmeydaRancier, 10 Dec 2007 8:51 PM
From: United States, NJ
JD: It is hard to do business and determine (depreciasion) when gvt officials are involved and
always expect their cut as kick back. I don't know if is worth nationalizing and pull out as a private
competitive co. You know how the gvts always try to put favoritism above profits.
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