Dominican Republic buys out Shell refinery stake
The Caribbean country says the deal will help stabilize fuel prices.
The Caribbean nation paid $110 million for Shell’s stake in the Refidomsa refinery, Treasury Minister Vicente Bengoa said. The source of the funds will be announced soon, he said.
Business and opposition leaders have criticized the government for the plan, saying it should not meddle in the private sector.
Dominican officials say co-ownership prevented them from expanding the refinery and importing the country’s full fuel quota under Petrocaribe, a Venezuelan program that supplies cheap fuel to poor nations.
The Dominican Republic can import up to 50,000 barrels per day under the program, but has been able to bring in only about 35,000 a day, according to the government.
Residents protested last year against gas prices that currently stand at more than $5 a gallon.
Newly re-elected President Leonel Fernandez has proposed investing in domestic ethanol production and natural gas to slash oil dependence.
Refidomsa, on the outskirts of the Dominican capital, has been in operation since 1973 and produces 30,000 barrels of fuel per day – just under one-fifth of daily consumption.
Shell (RDS.A) will still manage 137 gas stations across the country
http://money.cnn.com/2008/05/30/news/international/dominican_shell.ap/?postversion=2008053016
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
