Will exportable petrol be found soon in the DR
The Dominican Republic seeks to encourage the giant oil companies to take on natural gas and oil exploration. An interview carried by Bloomberg tells of Energy and Mines Minister Antonio Isa Conde saying that the government has plans to open two land blocks for oil exploration and two offshore blocks for natural gas exploratory drilling by the end of March.
According to the Bloomberg note, the government has eyed BP and Exxon for the job. Bloomberg reports that Exxon is already leading a group of companies that are developing 6.6-million acres in Guyana’s waters that could make that country one of Latin America’s largest oil producers within a decade.
The DR is not alone in courting the big companies: The Bahamas, Suriname, and Jamaica are other countries taking big steps to find their own oil fortunes.
https://www.bloomberg.com/news/artic…ploration-rush
Source: DR1, Bloomberg
March 6, 2018
Category: DR News |