Refidomsa Up For Grabs

samiam

Bronze
Mar 5, 2003
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Word in the energy sector this week is that REFIDOMSA has been bought buy by Venezuela`s PEDEVESA. Amidst Mr. Chavez hilarious Bush/Devil comparisons at the UN and Bostonians threatening to take down the CITGO sign (a Venezuelan subsidiary of PEDEVESA and the sign a Boston Landmark), Mr. Chavez seems to be stretching his presence over Bolivia and Cuba.
It has been know for a while that the REFINERY was up for grabs as Shell is retreating from these markets, but no clear intention was made public. Things seem a bit clearer now, it seems to me that the supposed accords of Chavez`s Petrocaribe included the Dominican Refinery and the Government kept its mouth shut to avoid people looking into profitability (or probably, lack there of) of the venture.