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Entities agree to boost Dominican Republic’s oil exploration and mining

Santo Domingo.- The binational chambers of commerce grouped in the Roundtable of Commonwealth Countries in the Dominican Republic and Dominican Republic’s Oil and Mining Chamber (CAMIPE), on Thursday agreed to coordinate efforts to maximize business opportunities in mining, oil and gas, between the country and Commonwealth nations.

Commonwealth countries operate the world’s major mines and oil exploration and production, while Dominican Republic mining has become the main foreign exchange earner and source of government revenue. The country has also launched an unprecedented oil and gas exploration process.

Commonwealth Roundtable president Fernando Gonzalez Nicolas and Mining Petroleum Chamber president José Sena signed the agreement in the presence of ambassadors Chris Campbell of Great Britain, and Steve Coté of Canada.

The agreement was also signed by British Chamber of Commerce president Jose Rodriguez, India Chamber of Commerce president Jabar Singh, Society of Friends of South Africa president Norman de Castro, and Trinidad vice consul Federico Reyes.

Gonzalez Nicolas said Dominican Republic’s oil and gas exploration is at the ready, whereas Sena called mining the mainstay of the Dominican economy.

Source: DT

April 28, 2016

Category: DR News |

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