The former Minister of Economy, Planning and Development, Juan Ariel Jiménez, has considered correct and advantageous for the Dominican Republic the decision of the Government to acquire 49% of the shares that the Venezuelan company PDV Carib had in the Dominican Refinery of Petroli (Refidomsa).
“The control of the Dominican state of 100% shares of the refinery will facilitate important investments and decisions,” Jiménez expressed through his Twitter account.
The last president of Refidomsa PDV during the management of Danilo Medina, Félix (Felucho) Jiménez, who is the father of Joan Ariel Jiménez, said in 2019 that The Dominican Republic and Venezuela had formally initiated a negotiation process to carry out this operation.
At that time Felucho indicated that although PDV Carib had not agreed to sell its shares, negotiations were conducted amicably and has advanced that if the Venezuelan company did not agree to sell amicably, the Dominican state he would be forced to go to court, declaring the refinery a public utility, a matter of national interest and security.
Felucho warns that if the Dominican Republic did not acquire 100% of the shares, Refidomsa PDV ran the risk of disappearing.
“If this is not given this implies death for the company,” the official expressed at the time during an interview with Listín Diari.
I do not have the details of the transaction, but in principle it seems to me correct and advantageous to the country.
The control of the Dominican state of 100% shares of the refinery will facilitate important investments and decisions.
Best of all … https://t.co/7mHMwE4Jzh
– Juan Ariel Jiménez (@JimeneznJuan) August 20, 2021
The operation was carried out ayer
Yesterday the Minister of Finance, Jochi Vicente, reported that the Dominican state acquired again 49% of the shares that the Venezuelan company PDV Carib had in the Dominican Oil Refinery (Refidomsa).
The transaction was for an amount in excess of $ 88.1 million and with this operation the Dominican Government again came to have absolute control of the refinery.
“This transaction was carried out in coordination with both the Government of Venezuela, Patsa (the subsidiary of the Rizek Group) and also had communications with the Government of the United States, specifically with the Office of Foreign Assets Control, to ensure that the Dominican Republic is not violating any of the conditions of the sanctions imposed by the US government on Venezuelans, “said Vicente.
He stressed that the Dominican Government received “no objection” from the American.
“With this transaction, the Dominican state regains control of 100% of the refinery’s subscribed capital and now has absolute control of this important company within the state’s assets,” he said. minister.
Vicente indicated that in 2010 the Dominican state sold to the Venezuelan company PDV Carib, SA 49% of the share capital of Refidomsa for US $ 135,107,000.