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Dominican Republic seeks investors to look for oil

Port of Spain, Trinidad & Tobago.- Dominican Republic on Tuesday showcased its energy and oil sector which will soon open opportunities for private capital to explore for and produce hydrocarbons in its territory to potential investors and government officials of the island-nation.

Energy and Mines minister Antonio Isa spoke at the Energy and Development Regional Conference being held from January 18 to 20 in the Caribbean country, Dominican RepublicĀ“s main supplier of natural gas and propane.

Isa offered unpublished data over the 12,690 linear kilometers of untapped territory without any concessions which his country will soon make available to interested investors.

He said his agency will soon feature the National Hydrocarbons Data Base, which is being compiled by a subsidiary of the international firm Schlumberger-Surenco, which was contracted by the Dominican government.

“We would be very pleased for you to join us in the development of the emerging energy industry in the Dominican Republic, taking advantage of the opportunities and the business climate that we promote for investment,” Isa said.

The official said since May last year his agency has updated, organized and digitized high-value information to potential investors that will serve to create hydrocarbon exploration blocks to be tendered shortly under specific contracts.

Source: DT

Jan 19, 2016

Category: DR News |

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Last updated October 22, 2016 at 2:00 PM
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