Dominican Republic to boost oil, gas exploration, build gas export terminal

Port of Spain,Trinidad.- The Dominican Republic will significantly boost oil and gasexploration next year, according to Fernando González Nicolas, president of theRoundtable of Commonwealth Countries in the Dominican Republic

The business leaderspoke in the 15th Caribbean Energy Conference held in the Hilton Hotel in Portof Spain, Trinidad & Tobago, attended by public and private energy sector representativesfrom Great Britain, the United States, Jamaica, Suriname, Guyana and Barbados,among others.

In a statement, Gonzalezsaid in the first quarter of 2016 the Energy and Mines Ministry will provide informationand attractive conditions for international investments to explore for oil andgas. “Energy and Mines will also call for tenders over areas where they can initiateappropriate explorations.”

He said geophysicaland geology studies carried out in the past point to the possibility of oiland gas in the Dominican Republic.

Moreover Gonzalez revealedthat Dominican Republic will have a terminal to export natural gas to theCaribbean region in the coming months, which in his view will bolster the country´sposition as it relates to fuel.

He called on investorsto take advantage of the Dominican government´s measures on energy aimed at creatingattractive conditions to invest in oil and gas projects in the country.

Roundtable

The Roundtable ofCommonwealth Countries in the Dominican Republic is an organization thatpromotes bilateral ties between Dominican Republic and the Commonwealth´s 53countries.