The Dominican government announced on Thursday, 19 August 2021 the buyback of the 49% shares Venezuela had purchased in the Dominican Petroleum Refinery (Refidomsa). The government paid US$88.1 million to resume full control of the state company.
As reported, Venezuela had paid US$131 million for its 49% ownership in 2010. Hacienda Minister Jose Manuel Vicente said the purchase will enable Refidomsa to continue its expansion plans.
Last week, the president of the board of directors of Refidomsa, Leonardo Aguilera, had announced that Yamily Lopez’s was named new general manager at the Dominican Petroleum Refinery. Since 2015, Lopez had been the executive director of the Mining & Petroleum Chamber of the Dominican Republic.
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N Digital
Noticias SIN
El Caribe
20 August 2021