Economy October 24, 2016 - 3:47 pm

Gov. reveals 6 areas with petroleum ‘potential’

Santo Domingo.-Energy and Mines minister Antonio IsaConde on Monday revealed six geological areas of the country, identified withleading edge software, as starting points for a thorough search for potential fossilfuel deposits.

In an activity to publicize the results of seismic2D analysis based on the Petroleum Modeling System conducted in some areas ofthe Dominican Republic, Isa said it´s the government´s interest "that scientists,environmentalists, businesses, investors and civil society maximize the studies."

He stressed that the shared information makesit possible to open a debate on what’s the potential hydrocarbons and what thecountry should do with the wealth that might exist in its subsurface.

"The areas ofgreatest potential belong to the basins of Enriquillo, Azua, San Juan, Ocoa,San Pedro and the Eastern Cibao, where there are faults and structures thatcould act as traps to retain hydrocarbons but still require further study toreach definitive conclusions."

COVID-19

October 13, 2024 - 11:00 am

Public Health to focus on health impact of drinking water

October 13, 2024 - 9:24 am

Cardiologist Moya explains heart is impacted more by heat

October 6, 2024 - 11:15 am

Specialist warns of respiratory virus outbreak in Dominican Republic

October 3, 2024 - 11:44 am

Former Health Minister Wilfredo Hidalgo accused of embezzling over 300 million pesos

MOST READ

Local

Dominican Republic-US open skies agreement set to launch in 2025

Bavaro & Punta Cana

Tourism sector contributes 3 out of every 10 dollars of the Dominican Republic’s foreign exchange earnings

Economy

Airbnb expresses willingness to pay taxes in the Dominican Republic

Economy

Confotur credited for boosting foreign investment in the Dominican Republic

MORE NEWS

Local

Tension at Haina Vacation Reception Center amid repatriation riot

Economy

Maria Abreu and Abreu & Associates empower expats in the Dominican Republic

Economy

CHTA warns against tax reforms in Dominican Republic that could undermine Caribbean tourism

Local

CEED provides daily meals for 3,000 youth at U-17 Women’s World Cup