2005News

High cost of fuel transport

In its editorial today, El Dia newspaper mentions that deputy Victor Bisono (PRSC Santo Domingo) has criticized the fact that in transporting fuel from Venezuela, the DR loses around US$1.5 million a month. Diario Libre also carries a brief on the subject, mentioning that transport of crude from Venezuela is costing between US$230,000 and US$240,000 more. The newspaper says that sources indicate that the country was better off buying FOB, as in the past. The new Petrocaribe agreement is a CIF contract.