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Dominican Republic’s big oil plans arouses interest in Qatar

Doha, Qatar.- Dominican Republic’s plans to develop an oil industry has piqued the interest of energy and petroleum sector business leaders and officials of Qatar, said Energy and Mines minister Antonio Isa Conde during a recent visit to speak at the XVI Doha Forum.

Public and private sector representatives listened to Isa’s presentation on his country’s plans to start developing an industry to explore and exploit hydrocarbons.

For his part, Qatari Energy and Industry minister Mohamed Bin Saleh Al Sada, who met with the Dominican official, stressed Dominican Republic’s importance on its strategic location and state Doha’s willingness  to support the Caribbean nation, which will soon tender oil blocs to develop the industry.

Earlier this month the Energy and Mines Ministry presented the first National Hydrocarbons Database (BNDH), available on the Web and already has records of more than 19,000 kilometers of 2D seismic lines, among other information.

Lauds Dominican Government for information available

Isa also met with Qatar Petroleum president and CEO, Saad Sherida Al-Kaabi, who congratulated the Dominican delegation on the amount of information available, considered a first step to attract investment because the start of seismic data collection from scratch is very costly.

The official also met with Qatar Mining president and CEO Mohamed Al-Shahwani.

In February, during the process of gathering the BNDH data, Isa had also visited Trinidad and Tobago where he aroused investor interest.

Doha forum

Major economic and financial print and TV media in Qatar aired the Dominican official’s presentations at the XVI Doha Forum, on the Caribbean country’s hydrocarbon industry.

Source: DT

May 27, 2016

Category: DR News |

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Last updated December 8, 2016 at 12:39 AM
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