Dominican Republic seeks investors to look for oil

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

Energy and Mines ministerAntonio Isa spoke at the Energy and Development Regional Conference being heldfrom January 18 to 20 in the Caribbean country, Dominican Republic´s mainsupplier of natural gas and propane.

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

He said his agency willsoon feature the National Hydrocarbons Data Base, which is being compiled by a subsidiaryof the international firm Schlumberger-Surenco, which was contracted by theDominican government.

"We would be verypleased for you to join us in the development of the emerging energy industryin the Dominican Republic, taking advantage of the opportunities and the businessclimate that we promote for investment," Isa said.

The official said sinceMay last year his agency has updated, organized and digitized high-valueinformation to potential investors that will serve to create hydrocarbonexploration blocks to be tendered shortly under specific contracts.