According to preliminary figures from the National Statistics Office (ONE), the Dominican Republic’s oil bill for 2014 totaled US$4 billion, which represents a US$350 million reduction from the previous year, as reported in El Nuevo Diario. Oil imports accounted for 22.5% of all imports over the last year, says ONE. <\/p>\n
Between January and September last year the highest price of oil on the international market was registered in July, when it hit an average of US$108 a barrel. In 2014, 35% of oil imports and derivatives came from the US market, and the Dominican Republic paid US$1.4 billion for these products. <\/p>\n
From Venezuela (Petrocaribe agreement), the country purchased US$909 million (23%). The DR’s third largest fuel supplier was Trinidad and Tobago (including natural gas), where the DR spent US$700 million (19%). Mexico sold oil suppliers for US$394.9 million (10%). <\/p>\n","protected":false},"excerpt":{"rendered":"
According to preliminary figures from the National Statistics Office (ONE), the Dominican Republic’s oil bill for 2014 totaled US$4 billion, which represents a US$350 million reduction from the previous year, as reported in El Nuevo Diario. Oil imports accounted for 22.5% of all imports over the last year, says ONE. Between January and September last … <\/p>\n