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In oil and gas concessions ‘Dominican Republic lives in the stone age’

Santo Domingo.- Energy and Mines minister Antonio Isa Conde on Monday said once the National Hydrocarbons Exploration Database is concluded concessions will only be awarded through public and transparent tenders.

Isa, speaking in the Dominican Republic Mining-Oil Chamber luncheon, revealed that a new Texas University seismic study in national territory has been incorporated to the database.

The official stressed the study´s estimated cost of US$13 million, a figure he affirms exceeds the Ministry´s 2016 budget, but which h is agency obtained “without spending a penny.”

The official said obtaining the study is part of the Ministry´s plan to retrieve results from seismic surveys conducted across the country in past decades, which had cost millions without the Dominican government demanding its right to get copies with the results.

Isa added that when it comes to oil and gas concessions, “Dominican Republic lives in the stone age.”

Source: DT

Oct 27, 2015

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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