Venezuela ratifies purchase of half Dominican refinery

[Judi Lynn]

CARACAS, Monday April 05, 2010
Venezuela ratifies purchase of half Dominican refinery

The Venezuelan government will buy indeed 49 percent of the shares of the Refinería Dominicana de Petróleo (Dominican Petroleum Refinery, Refidomsa), clarified on Monday in Santo Domingo Venezuelan Minister of Foreign Affairs Nicolás Maduro, months after the Venezuelan government dismissed the operation.

"The partnership (…) will come true," Maduro told reporters on leaving a meeting with Dominican President Leonel Fernández. According to the minister, the purchase of shares was delayed for "technical troubles."

The buyout will be settled next week, the Dominican press reported, as quoted by AFP.

In January, Minister of Energy and Petroleum Rafael Ramírez ruled out the operation for considering it "barely convenient" for the country. "There is not interest. We do not deem it appropriate and will not do it," he said at that time.

http://english.eluniversal.com/2010/04/05/en_eco_esp_venezuela-ratifies-p_05A3693091.shtml
Opposition newspaper