DR1 Daily News - Dominican Republic

At a time when gushing wealth from oil is coming to Guyana, government authorities in the Dominican Republic keep their hopes up that there could be commercially-exploitable oil off Dominican shores, too.

The Dominican Oil Refinery (Refidom) and the National Pedro Henriquez Ureña University (UNPHU) have released the second report on their findings of an exhaustive geological study of possible hydrocarbon-bearing areas of the Dominican Republic. The most recent release is titled: “Geochemical modeling of the Enriquillo, Azua, San Juan, and Cibao basins” and was presented at the UNPHU campus in Santo Domingo.

Refidom general manager, Yamily Lopez, told reporters that these studies are very important for the development of the country as well as for the refinery. According to this spokesperson, the results of the study will be made available to potential investors, both...