Identifier
Created
Classification
Origin
09SANTODOMINGO1277
2009-11-04 20:25:00
UNCLASSIFIED
Embassy Santo Domingo
Cable title:
SALE OF 49 PERCENT STAKE STATE-OWNED REFINERY TO PDVSA NEARS
how-toVZCZCXYZ0029 RR RUEHWEB DE RUEHDG #1277 3082026 ZNR UUUUU ZZH R 042025Z NOV 09 FM AMEMBASSY SANTO DOMINGO TO RUEHC/SECSTATE WASHDC 0013 INFO RHMFIUU/CDR USSOUTHCOM MIAMI FL RUEHDG/AMEMBASSY SANTO DOMINGO RUEHPU/AMEMBASSY PORT AU PRINCE 0003
UNCLAS SANTO DOMINGO 001277
SIPDIS
E.O. 12958: N/A
TAGS: ENRG DR PREL
SUBJECT: SALE OF 49 PERCENT STAKE STATE-OWNED REFINERY TO PDVSA NEARS
COMPLETION
REF: 09 SANTO DOMINGO 707
UNCLAS SANTO DOMINGO 001277
SIPDIS
E.O. 12958: N/A
TAGS: ENRG DR PREL
SUBJECT: SALE OF 49 PERCENT STAKE STATE-OWNED REFINERY TO PDVSA NEARS
COMPLETION
REF: 09 SANTO DOMINGO 707
1. Finance Minister Vicente Bengoa announced on 10/29 that
the Government of the Dominican Republic (GoDR) is finalizing the
sale of a 49% stake in the state-owned oil refinery (REFIDOMSA),
the DR's only oil refinery, to Petroleos de Venezuela (PDVSA).
Bengoa explained that the actual payment form is to be decided but
stated a final sale price of USD $131.5 million. PDVSA Executive
Vice President Asdrubal Chavez is expected in the DR before 11/15
to sign sale documents and Bengoa added that PDVSA executives told
him that GBRV President Hugo Chavez may come to the DR for the
signing.
2. REFIDOMSA was a joint venture with Shell until the GoDR
bought out Shell's stake in the company in November 2008 for USD
$110 million. Septel will report on the sale details after they
are released.
Schimmel
SIPDIS
E.O. 12958: N/A
TAGS: ENRG DR PREL
SUBJECT: SALE OF 49 PERCENT STAKE STATE-OWNED REFINERY TO PDVSA NEARS
COMPLETION
REF: 09 SANTO DOMINGO 707
1. Finance Minister Vicente Bengoa announced on 10/29 that
the Government of the Dominican Republic (GoDR) is finalizing the
sale of a 49% stake in the state-owned oil refinery (REFIDOMSA),
the DR's only oil refinery, to Petroleos de Venezuela (PDVSA).
Bengoa explained that the actual payment form is to be decided but
stated a final sale price of USD $131.5 million. PDVSA Executive
Vice President Asdrubal Chavez is expected in the DR before 11/15
to sign sale documents and Bengoa added that PDVSA executives told
him that GBRV President Hugo Chavez may come to the DR for the
signing.
2. REFIDOMSA was a joint venture with Shell until the GoDR
bought out Shell's stake in the company in November 2008 for USD
$110 million. Septel will report on the sale details after they
are released.
Schimmel