The governments of Guyana and the Dominican Republic signed six Memorandums of Understanding (MoU) that will enhance collaboration and build on available opportunities.

His Excellency President Dr Irfaan Ali, who witnessed the signing yesterday, called it historic and said that it is a precursor to solid, long-lasting partnerships.

Several of the Memorandums of Understanding are within the oil and gas industry, including, the establishment of an oil refinery; the establishment of a petrochemical plant and a study for participation in Guyana’s Oil Exploration Block.

The two countries also aim to enhance their agriculture potential, cooperation and will team up to market both their sun and sand and nature base-tourism.