Guyana and the Dominican Republic are advancing efforts to deepen bilateral economic cooperation, with energy investment emerging as a central focus under the framework of a 2023 Memorandum of Understanding (MOU).
The agreement, which covers energy, oil refining, agriculture, tourism, and petrochemicals, continues to drive closer commercial engagement between the two Caribbean nations, supported by increasing private-sector participation.
In the latest development, the Dominican Republic, through state-owned Refinería Dominicana de Petróleo S.A., is engaged in discussions aimed at expanding its involvement in Guyana’s rapidly growing oil and gas industry. Among the opportunities under consideration is potential investment interest linked to the Berbice Block, previously held by On Energy.
The discussions also extend to broader regional energy security initiatives and long-term strategic collaboration, reinforcing Guyana’s position as an emerging energy hub within the Caribbean.
Business leaders in both countries are also exploring joint ventures and consortium partnerships across agriculture, energy, and petrochemicals, signaling growing investor confidence in cross-border opportunities.
The continued implementation of the 2023 MOUs reflects a wider regional push toward economic integration, energy diversification, and private-sector-led growth, as Guyana leverages its expanding petroleum sector to strengthen regional partnerships and attract strategic investment.
