The Dominican Petroleum Refinery (Refidomsa) located in Haina, San Cristóbal has significantly increased its storage capacity for liquefied petroleum gas (LPG), a move aimed at enhancing energy security and stability in the Dominican Republic.
In a ceremony led by President Luis Abinader on Tuesday, Refidomsa inaugurated four new storage spheres, boosting its LPG reserve from 140,000 barrels to 380,000 barrels – a 171.4% increase. This expansion ensures a more consistent supply of LPG and reduces the logistical costs associated with transporting the fuel.
“This is a significant step forward for fuel security and energy security in the Dominican Republic,” President Abinader stated.
The newly refurbished spheres, each with a capacity of 60,000 barrels, were part of a nearly three-year project that required an investment of approximately $91 million. The increased storage capacity now provides enough LPG to meet the country’s demand for 41 days, up from the previous 13-14 days.
President Abinader emphasized the strategic importance of Refidomsa to the country, noting that state-owned enterprises can be managed efficiently and effectively. While he reaffirmed his commitment to private sector development, he acknowledged the need for strategic state-owned companies to ensure national security and stability.
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Presidency
El Caribe
18 December 2024