GEORGETOWN, Feb 18 (Reuters) - Guyana and the Dominican
Republic are making progress on accords for offshore oil and gas
exploration and to build a petrochemical plant and possible
refinery in the South American country, Dominican President Luis
Abinader said on Tuesday.
The countries signed a memorandum of understanding in 2023
to work jointly on the energy projects.
The Dominican government is interested in exploring Guyana's
Berbice offshore block, which was returned to the government by
Toronto-listed CGX Energy ( CGXEF ), as well as developing the
potential new refinery and urea plant.
Guyana is pressing a consortium led by Exxon Mobil ( XOM ),
which controls all oil and gas output in the country, to deliver
natural gas to shore from its floating production facilities to
feed power generation, petrochemical and liquefied natural gas
(LNG) projects that could expand revenue.
Abinader and Guyanese President Irfaan Ali spoke at an
energy conference in Guyana's capital, Georgetown.