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Haiti - Economy : Beginning of the exploration works of hydrocarbons 21/06/2015 09:53:39
[...] We hope that this work will result positively, they are work to search for hydrocarbons (gas, oil and natural gas). First, they made the request that the BNE analyzed, they had the technical and financial capacity and they got their license [exploration]. There was a memorandum of understanding that was signed with them, which received no objection from the Superior Court of Auditors and then to make this work, they negotiated an agreement with the Haitian government, which was signed by two ministers bearer of this folder in waiting that the other legal suites because as you know the conventions must go through Parliament [...] If exploration results in concrete and positive results, they will give them an exploitation license [...]" Fred Elusma, the Chairman and CEO of Petrogaz-Haïti S.A. explained "First we started in Ganthier, we have other localities La Gonâve, the South Peninsula, we have all the West Department [...] in each of these areas of technical studies will be conducted, which will determine where we need to start and continue. Expectations are arriving to clarify whether there is oil in Haiti and if so, what type of oil and how much [...] Trinidadian firm Caribbean Well Service Company Limited is responsible for the technical aspect of the operation of Petrogaz-Haïti S.A., because we can say that Trinidad, in the Caribbean, are those who have a stronghold of knowledge at this level. This company operates in Trinidad and with us since 2003 [...] We have an investment program of $ 81 million [...] it's not all the investment, it will advance beyond 81 million, there are other investors who have agreed to collaborate, to work together with us, to get to meet and produce final results." Gregory Mayard Paul, who attended the launch declared "I call them patriots incomparable, because it must be very patriotic to decide to invest so much money to explore and do research to find out whether or not there is oil in our basement. I want it to be the beginning of a new adventure for a new Haiti." See also : https://www.haitilibre.com/en/news-11033-haiti-economy-assessment-of-mining-resources-in-haiti.html https://www.haitilibre.com/en/news-11033-haiti-economy-assessment-of-mining-resources-in-haiti.html https://www.haitilibre.com/en/news-8888-haiti-economy-2nd-annual-caribbean-gas-trading-and-supply-conference.html https://www.haitilibre.com/en/news-8724-haiti-economy-mining-resources-blessing-or-curse.html https://www.haitilibre.com/en/news-8718-haiti-economy-the-country-relies-on-the-mining-sector-for-its-development.html HL/ HaitiLibre
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