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Thursday, July 27 2017 @ 08:43 AM AST

Dominican Republic consumes 140,000 barrels of oil per day



Photo by Dianne Rosete, Flickr

The Dominican Republic consumes 140,000 barrels of oil per day, Pelegrin Castillo, the country's new energy minister said at a Santo Domingo hotel on June 24 at an event organized by a Dominican Republic association best known by its acronym, ADIE.

Castillo said 80% of the consumption is in finished products, and the country has reserves of only a week of liquid fuel, 12 days of liquified petroleum gas (LPG), and 21 days of liquified natural gas (LNG). He said that other calculations could suggest higher reserves but the Dominican Republic will still be below critical levels in a region that is loaded with risks and volatilities.

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