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DominicanToday.com: Dominican Government, Shell butt heads over refinery, report

SANTO DOMINGO. – Representatives of the Government and of the Shell maintain a confrontation over the Dominican Petroleum Refinery’s (Refidomsa) Governing Board, when officials asked that 3 plant executives be fired, which the multinational company opposes.

The newspaper Listin Diario reports that Shell as well as the Government officials who are in the Board have kept silence on the confrontations, but it was learned yesterday that one of the reasons is the official sector’s requests of explanations on the operations to purchase and market fuels.

Four months ago it was learned that Shell aims to sell its stake in Refidomsa but apparently have yet to receive tender offers.

In that regard, it was also learned that Shell hasn’t kept the Government abreast on the manner in which it conducts those negotiations.

The Shell and the Dominican Government have equal stakes as co-owners of Refidomsa, and each has 4 members on the Board, situation which according to reports makes it almost impossible to overcome impasses.

In the agreement that allowed the creation  this company in 1973 the Dominican State yielded to the Shell the administration  the Refidomsa.

Although no details were provided, it was reported that the differences began when Shell executives refused to acquire fuels within the Petrocaribe pact with Venezuela, which would give the country long term advantages of financing and lower fuel prices locally.

Listin Diario reports that for weeks has been trying to make contact Refidomsa Board president Rubén Montás, and the vice president and Shell’s representative Rafael Maradiaga, but both have declined interviews.

http://www.dominicantoday.com/app/article.aspx?id=24214

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