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Vicente Bengoa after the meeting yesterday.
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SANTO DOMINGO.- After a meeting with the Shell executives for the purchase of that company’s shares in the Dominican Petroleum Refinery, Hacienda minister Vicente Bengoa said a bidding would be held this week to contract a company that determines that stake’s real value.

However, Shell’s representative in the country, Rafael Maradiaga, reiterated that its value is 183 million dollars, and said in the meeting it was established the processes and operations to be carried out for the sale of the shares.

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COMMENTS
2 comment(s)
Written by: anonimo, 5 Dec 2007 10:09 AM
From: Wall Street
30,000 barriles diarios x 4.4144 metros cubicos por barril x $7 dolares por metro cubico x 360 dias del ano x eficiencia productiva de 75% = $US 234,964,800 antes de costos. Costos estimados en $US 60,000,000. Valor real seria ~ $US 175,000,000.
Written by: mike l, 6 Dec 2007 7:55 AM
From: pop
to amonimo from wall st; correct me if i am wrong, but your analysis establishes the annual net revenue of the refinery. i am not sure that the actual cash value and the annual net revenue are one and the same figure.
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