GEORGETOWN, Guyana, May 15, CMC- President Irfaan Ali met has held talks here with visiting Dominican Republic President, Luis Abinader Corona, advancing discussions to strengthen cooperation in energy, petrochemicals, agriculture and regional energy security.
President Ali described the engagement as “a very historic day” for both countries as they work together to invest in energy security for the Caribbean region.
According to an official statement, the talks on Thursday were also attended by the president of the Board of Directors of the Dominican Oil Refinery, Samuel Pereyra and other officials
“The latest engagement saw the government of the Dominican Republic, through Refineria Dominicana de Petróleo S.A., continuing discussions with Guyana on opportunities for strategic investment within the country’s oil and gas sector,” according to the statement.
It said that among the areas being examined are investment interests linked to the Berbice Block, previously held by On Energy, as well as broader collaboration in refinery development, petrochemicals and regional energy supply security.
President Ali said the discussions are a continuation of work started in 2023, when Guyana and the Dominican Republic identified strategic areas for cooperation.
“At that time we spoke of the establishment of a refinery, and we would love to continue the discussions and see how we can arrive at a model that can build energy and supply security for Guyana and the rest of the region,” Ali said.
He said that Guyana’s Gas-to-Energy project at Wales presents further opportunities for collaboration between private sector entities from both countries and that the two governments also welcomed growing partnerships and consortia being formed between companies in Guyana and the Dominican Republic in agriculture, energy and petrochemicals.
“Both sides expressed satisfaction with the progress made under the 2023 agreements. They reaffirmed their commitment to initiatives to strengthen economic ties and create opportunities for the people of Guyana and the Dominican Republic,” the statement said.
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