SANTO DOMINGO. – Treasury minister Vicente Bengoa on Friday said the Dominican Government hasn’t been officially notified of Venezuela alleged discarding the purchase of a 49 percent stake in the Dominican Republic´s only refinery Refidomsa.
In a statement, Bengoa said he´s been in permanent contact all week with Venezuela Petroleum (PDVSA) vice-president Asdrúbal Chávez, who together with Venezuelan Energy and Petroleum minister Rafael Ramirez, have led the negotiations to acquire the shares.
He said he’s been coordinating the arrival and transports of one million gallons of fuel to donated Haiti, with PDVSA´s vice-president all week.
He said Asdrubal Chávez´s arrival was slated for today, to coordinate the details of the fuel´s delivery, and to sign the agreement, but the official´s assistant called Thursday afternoon to cancel, alleging that president Hugo Chavez commissioned them to attend Bolivia reelected president Evo Morales´ inaugural.
Bengoa added however that the assistant affirmed that the Caracas officials would come to the country before January 26 for the signature, but Ramirez is precisely the one, according to the wire service, who revealed president Chávez´s loss of interest in the deal.
From: United States, FREEPORT, Long Island.... (Look, beyond the words)
0oops!!!!!!
Written by: josean, 22 Jan 2010 12:12 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
oo lobo!
Written by: Juango, 22 Jan 2010 12:24 PM
From: United States, far S. Florida (formerly Santo Domingo)
Bengoa: "But, but, but we have already committed and spent the $130MM UDS we were promised to recieve,,...please, please buy half of our crappy little 35,000 bbl/day refinery !!!"....
Written by: josean, 22 Jan 2010 12:26 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Its either the WOLF or the oil which will it be LIE-onel Fernandez?
From: United States
This isn't even worth the time to prepare a comment.
From: Dominican Republic, No Spin Zone
he was charged double and he got nothing.....what he deserved
Written by: josean, 22 Jan 2010 12:59 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
No problem, Lobo will buy it!
From: Dominican Republic
''For heeeeees a jolly good feeeeeellow that nobody can deny ''. SANTO DOMINGO,GOING ONCE GOING TWICE , DO I HEAR 3 BILLION ,4BILLION ......SOLD ! Mr. Chavez will that be visa or American express?
Written by: generoso, 22 Jan 2010 1:29 PM
From: United States, Quisqueya
This is what you get from doing business with low life's, manipulators, big mouths, little caesar type dictators with Napoleonic complexes, like nutty Hugo, Bolivaridarian my foot.
Did I leave anything out?
All this posturing and promising, he made the DR buy Shell oil's half and then now reneged on the deal. All because Leonel was so mean to him, and did not consult with him, my, my, LF is Mr. Meanie.
Listen Mr. Bengoa, stop the drinking of fine wines that you are told are pretty good, and go back to the cheap rum and coke you were brought up on, so you can think with more lucidity.
We know you probably spent Hugo's Chavez money already, but don't despair, I hear a wealthy arab is coming to the rescue.
From: United States, NJ (M_ S Cibaeno 100%)
Written by: josean, 22 Jan 2010 1:38 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
I guess all the educational needs, healthcare needs of the country have been met and electricity is on 24/7, since we are moving ahead with another TOY TRAIN to NOWHERE!
Written by: Belly, 22 Jan 2010 1:42 PM
From: United States, Seattle, W.A.
Diputada de D.N. Sandra Gananciosa dice:
“Creemos que el país sale ganancioso con esta decisión de Venezuela de no comprar el 49% de las acciones de la Refidomsa, y esto ofrece una excelente oportunidad que el negocio se haga con empresarios como los Vicini y los Corripio, que mostraron interés público en esas acciones”,
“De ninguna manera esto debe influir negativamente en las buenas relaciones entre los gobiernos dominicanos y venezolano, ya que, aunque había un compromiso de parte del gobierno de Hugo Chávez de adquirir esas acciones, él estaba en su derecho de decidir no comprarlas”,
Written by: Belly, 22 Jan 2010 1:45 PM
From: United States, Seattle, W.A.
I don't think this is bad news for DR at all since we already had local investors interested in buying the 49% of REFIDOMSA anyways. Is better is the owner is a local investor than Hugo Chavez.
Written by: generoso, 22 Jan 2010 2:29 PM
From: United States, Quisqueya
Belly
Local investors have proven time and time again, to be more concerned about getting concessions, monopolies, and freebies from the government.
Don Rafael Herrera, past editor of the Listin Diario, and DR most respected journalist said to me once, while I was pushing for privatization of state owned enterprises:
"Son, let the state keep them, cause if they sell them they will be nothing left of Trujillo's inheritance to the people".
At the time I thought he was out of sync with "modern times", but his words came back a few years later, like prophecies being fulfilled. The state gave away the state owned enterprises in dubious contracts to private enterprises, some where mismanaged and sold back to the state (power companies), others just disappeared (sugar emporiums), and others were sold for nothing to
predatory businessmen that made the business deal of their lives.
Written by: juanb, 22 Jan 2010 2:33 PM
From: Dominican Republic
Bengoa loves the sound of his own voice and his visage in the press. He is a typical government "Know Nothing with big announcements. Just another voice screaming in the darkness. Clueless.
Written by: juanb, 22 Jan 2010 2:36 PM
From: Dominican Republic
In dealing with "low life's, manipulators, big mouths, little caesar type dictators with Napoleonic complexes, like nutty Hugo" our gov't officials are dealing with their own kind.
Written by: Belly, 22 Jan 2010 2:50 PM
From: United States, Seattle, W.A.
General
I see your point but to me is easier to trust the Corripio Family than Hugo Chavez agenda on his lefties policies.Refidomsa could be in the hands of 3 devils 1. Dominican gov. 2. Corripio family and 3. DR gov and Hugo chavez and I personally take my chances with Vinici/Corripio family over the other 2 choices.I'm just picking the best scenario out of the 3 bad options.Everything the DR gov has been able to run has managed to run it into the ground.
Written by: juanb, 22 Jan 2010 3:01 PM
From: Dominican Republic
Written by: generoso, 22 Jan 2010 3:11 PM
From: United States, Quisqueya
Belly
Granted, and I hear you, the Corripio family is the best run business group and most effective, re
the Vicini's I have my reservations.
I would rather 100% of the refinery was sold to a heavy hitter from abroad, that was willing to make the necessary investments, to update the facilities so the DR will be self sufficient in petroleum products and we would end importation of refined fuels.
This of course will take a great negotiating team from the DR government, that could be trusted not to sell us out or ask for their "baksheesh", which is highly unlikely in these times.
I could volunteer to be in the negotiating committee at very "reduced" rate. LOL.
Written by: Belly, 22 Jan 2010 3:22 PM
From: United States, Seattle, W.A.
General
I personally too have reservation to the Vinici due to past events and fuzzy news that still need to be cleared in their business practices.To me the Corripio group is easier to trust but I do trust Vinici more than the DR gov because I have seen their movies before.To me the state should either make refidomsa a priority or sale 100% to a heavy hitter who will put the money needed to make it growth and more effective.I just don't trust Hugo at all since this is not the first time he reacts emotionally instead of politically to actions of other governments. I know his choice to drop the deal was based on the political fight between left and right and we shall not trust people like him owning companies as important as Refidomsa to the state.
From: Dominican Republic
Gen,
Were you at one point involved in Dominican politics my friend ? Your intelligent comments coupled with your vast and well rounded knowledge of current and historical events would lead one to think . Fill me in !
From: Dominican Republic, vieja Santo Domingo
It is all very well to say that the state should own the entire refinery but do they have the expertise to do manage it in a productive way . Seems strange to me when most of you have only bad words about the government that you would think they can run a refinery alone as well as they could with an oil company .
From: Dominican Republic
We have an oil slick ( rather a skid mark) in our presence !
Written by: josean, 22 Jan 2010 4:28 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Presidente Chávez,
Si LIE-onel Fernández traiciono a Dr. Juan Bosch y al pueblo Dominicano como podía esperar usted que no traicionara a la democracia hondureña y las buenas gestiones de Pueblo de Venezuela vía Petro-Caribe.
Esta bueno que le pase porque el que con perros anda pulgas es lo que le queda!
Written by: josean, 22 Jan 2010 4:34 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
I got to side with Martha on this, amigos.
If LIE-onel Fernandez can’t even get people to ride the METRO, basically for free, can't sell an Oil refinery in the strategic Caribbean, how the hell do you think this nincompoop and the other corrupt “rocket scientist” in his government can run this!
Well Radames Segura does have 40 or so unemployed family members, but I digress!
From: Dominican Republic
Did I WAFFLE ? Gulp !
Written by: josean, 22 Jan 2010 4:43 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
I will see you after class!
From: United States, words of wisdom from the nutcracker
good we dont need to be doing bussness with communist totalitarian countrys anyway,
Written by: josean, 22 Jan 2010 6:39 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
That’s right UNITED STATES pay your debt immediately to THE PEOPLES REPUBIC of CHINA!
And “helly” you can contribute too, by stopping to buy about 90% of what you consume: Those Dam Commie CAPITALIST, who do the think they are anyway!
From: Dominican Republic
Chavez Bach out of his promised word, like my general says,
ese Hugo no sirve para nada, and is better for us.
No hay mal que no convenga.
From: United States, Florida
I concur with Jim Harrington.
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0oops!!!!!!
This is what you get from doing business with low life's, manipulators, big mouths, little caesar type dictators with Napoleonic complexes, like nutty Hugo, Bolivaridarian my foot.
Did I leave anything out?
All this posturing and promising, he made the DR buy Shell oil's half and then now reneged on the deal. All because Leonel was so mean to him, and did not consult with him, my, my, LF is Mr. Meanie.
Listen Mr. Bengoa, stop the drinking of fine wines that you are told are pretty good, and go back to the cheap rum and coke you were brought up on, so you can think with more lucidity.
We know you probably spent Hugo's Chavez money already, but don't despair, I hear a wealthy arab is coming to the rescue.
http://www.elnacional.com.do/naci..../37625/La-segunda-linea-del-Metro
El LEON SIGUE RUGIENDO!
Diputada de D.N. Sandra Gananciosa dice:
“Creemos que el país sale ganancioso con esta decisión de Venezuela de no comprar el 49% de las acciones de la Refidomsa, y esto ofrece una excelente oportunidad que el negocio se haga con empresarios como los Vicini y los Corripio, que mostraron interés público en esas acciones”,
“De ninguna manera esto debe influir negativamente en las buenas relaciones entre los gobiernos dominicanos y venezolano, ya que, aunque había un compromiso de parte del gobierno de Hugo Chávez de adquirir esas acciones, él estaba en su derecho de decidir no comprarlas”,
Local investors have proven time and time again, to be more concerned about getting concessions, monopolies, and freebies from the government.
Don Rafael Herrera, past editor of the Listin Diario, and DR most respected journalist said to me once, while I was pushing for privatization of state owned enterprises:
"Son, let the state keep them, cause if they sell them they will be nothing left of Trujillo's inheritance to the people".
At the time I thought he was out of sync with "modern times", but his words came back a few years later, like prophecies being fulfilled. The state gave away the state owned enterprises in dubious contracts to private enterprises, some where mismanaged and sold back to the state (power companies), others just disappeared (sugar emporiums), and others were sold for nothing to
predatory businessmen that made the business deal of their lives.
I see your point but to me is easier to trust the Corripio Family than Hugo Chavez agenda on his lefties policies.Refidomsa could be in the hands of 3 devils 1. Dominican gov. 2. Corripio family and 3. DR gov and Hugo chavez and I personally take my chances with Vinici/Corripio family over the other 2 choices.I'm just picking the best scenario out of the 3 bad options.Everything the DR gov has been able to run has managed to run it into the ground.
http://www.elnacional.com.do/naci....2/37626/Chavez-se-aleja-de-Leonel
In an effort to appear statesman like, a world leader type, apparently our empty suit bit the hand that was feeding him. So the hand bitch slapped him.
Granted, and I hear you, the Corripio family is the best run business group and most effective, re
the Vicini's I have my reservations.
I would rather 100% of the refinery was sold to a heavy hitter from abroad, that was willing to make the necessary investments, to update the facilities so the DR will be self sufficient in petroleum products and we would end importation of refined fuels.
This of course will take a great negotiating team from the DR government, that could be trusted not to sell us out or ask for their "baksheesh", which is highly unlikely in these times.
I could volunteer to be in the negotiating committee at very "reduced" rate. LOL.
I personally too have reservation to the Vinici due to past events and fuzzy news that still need to be cleared in their business practices.To me the Corripio group is easier to trust but I do trust Vinici more than the DR gov because I have seen their movies before.To me the state should either make refidomsa a priority or sale 100% to a heavy hitter who will put the money needed to make it growth and more effective.I just don't trust Hugo at all since this is not the first time he reacts emotionally instead of politically to actions of other governments. I know his choice to drop the deal was based on the political fight between left and right and we shall not trust people like him owning companies as important as Refidomsa to the state.
Were you at one point involved in Dominican politics my friend ? Your intelligent comments coupled with your vast and well rounded knowledge of current and historical events would lead one to think . Fill me in !
Si LIE-onel Fernández traiciono a Dr. Juan Bosch y al pueblo Dominicano como podía esperar usted que no traicionara a la democracia hondureña y las buenas gestiones de Pueblo de Venezuela vía Petro-Caribe.
Esta bueno que le pase porque el que con perros anda pulgas es lo que le queda!
If LIE-onel Fernandez can’t even get people to ride the METRO, basically for free, can't sell an Oil refinery in the strategic Caribbean, how the hell do you think this nincompoop and the other corrupt “rocket scientist” in his government can run this!
Well Radames Segura does have 40 or so unemployed family members, but I digress!
And “helly” you can contribute too, by stopping to buy about 90% of what you consume: Those Dam Commie CAPITALIST, who do the think they are anyway!
ese Hugo no sirve para nada, and is better for us.
No hay mal que no convenga.