2005News

Denying illiquidity at Refinery

The president of the Dominican Petroleum Refinery, Aristides Fernandez Zucco denied the veracity of statements of the general manager of the Refinery, Alfredo Nara that he had retained a RD$126 million check, as reported in El Caribe and Listin Diario. He denied that the Refinery has cash flow problems. Nara had told reporters earlier this week that the refinery is in a state of non-liquidity due to an accumulated debt of RD$500 million owed by the Dominican government for propane gas. Fernandez said the check was received on 3 October. When journalists asked Fernandez the reason for Nara’s complaint, he said it was due to his request that the relations between Shell and the Dominican government be reviewed, as reported in El Caribe.