Guyana, DR discuss investment interest in Berbice Block 

See full statement from the Office of the President:

The Governments of Guyana and the Dominican Republic continue to strengthen the strong partnership established through the 2023 Memorandum of Understanding (MOU), which outlined cooperation in the areas of energy, oil refinery, agriculture, tourism, and petrochemicals.

Guided by this framework and supported by growing private-sector collaboration in both countries, several initiatives have advanced steadily across a range of sectors. Today marks another important step in that ongoing partnership, as the Government of the Dominican Republic, through Refineria Dominicana de Petróleo S.A., continues discussions aimed at deepening cooperation and exploring opportunities for strategic investment within Guyana’s oil and gas sector.

Among the areas under consideration is investment interest relating to the Berbice Block, previously held by On Energy, as well as broader discussions on regional energy security and future opportunities for collaboration. These engagements align with the Government of Guyana’s long-term vision of enhancing national and regional energy security, while positioning Guyana as an important energy partner within the Caribbean.

The two Presidents also welcomed the increasing collaboration between private sector entities in both countries, including efforts to form partnerships and consortia in agriculture, energy, and petrochemicals. Both Governments expressed satisfaction with the progress being made under the framework of the MOUs signed in 2023 and reaffirmed their commitment to advancing initiatives that strengthen economic ties and create mutual opportunities for the people of Guyana and the Dominican Republic.