Caribbean · Energy Key Facts —The deal: the Dominican Republic Guyana oil agreement, signed May 14, gives the Caribbean nation a 10% stake in Guyana's
Caribbean · Energy
Key Facts
—The deal: the Dominican Republic Guyana oil agreement, signed May 14, gives the Caribbean nation a 10% stake in Guyana’s onshore Berbice block.
—No cash down: the structure grants the 10% share without direct capital investment, with the state oil refiner Refidomsa representing the Dominican Republic.
—The scope: the contract covers exploration, development and eventual production of oil or gas, with Guyana issuing the exploration license.
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