| Shell says its Dominican refinery stake is worth US$183M |
| Domican-Today |
| 12/6/2007 |
Source: The Dominican Today
SANTO DOMINGO. - The president of the company Shell in Dominican Republic said before meeting with government officials to negotiate the sale of that company's stake in the Dominican Petroleum Refinery that its price is 183 million dollars.
Rafael Madariaga said the company is willing to sell their shares to the Dominican government. He said they'll listen to Hacienda minister Vicente Bengoa's position regarding the proposed sale and that they went to the meeting with a positive attitude.
Madariaga was accompanied by three of the company's international executives, who came to the country yesterday to take part in the talks.
Last week was held the first meeting between Shell's executives and the government's representatives, where it was agreed to contract, via an international bidding, to determine the real value of the company's shares. |
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