[CLSTR]
< Back to situation

[REVISION HISTORY]

Dominican Republic energy and mining sector development

Updated 4 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-18 04:30 UTC → 2026-09-18 20:38 UTC · added removed

The Dominican Republic has focused on expanding continues to expand its energy and mining sectors through international promotion diversification and domestic diversification. strategic resource management. In August 2026, the Ministry of Energy and Mines presented hydrocarbon investment opportunities to industry leaders in Houston, Texas, highlighting the potential of the nation’s sedimentary basins for oil and gas exploration. By September 2026, officials reported progress in diversifying the national energy matrix to reduce oil dependence, which has been lowered to approximately 10%. The energy supply now incorporates coal, natural gas, and renewable sources, the latter of which accounts for more than 25% of the supply. However, experts have noted that increasing energy capacity requires significant capital and faces longer lead times due to global supply chain complexities. Simultaneously, the mining sector has emerged as a significant driver of economic growth. Between sector, exports reached US$2,047 million between January and July 2026, the industry contributed US$2,047 million, marking a 52.8% year-on-year increase, representing 22.1% increase. Minister of total national exports. Energy and Mines Minister Joel Santos and officials from the Association of Dominican Exporters (Adoexpo) noted that the sector provides has emphasized a ‘natural hedge’ against global economic volatility due to the counter-cyclical nature of mineral prices. The government is currently shifting its mining strategy strategic shift from simple resource extraction toward processing and transformation to increase value-added exports. Barrick Pueblo Viejo has been a major contributor, paying US$440 million to the treasury during this period. Foreign direct investment in the sector reached US$420.6 million in the second quarter of 2026. Further exploration is underway to determine the exact volume processing. Exploration of rare earth elements in Pedernales, Pedernales remains a priority, with a definitive resource determination expected by November 2026. 2026 to assess reserves critical for the global energy transition. In the energy sector, the government is managing the impact of international oil prices remaining above US$100 per barrel. Following the end of a 90-day freeze on fuel prices, the government has provided subsidies exceeding RD$33,807 million in 2026 to mitigate consumer costs. While LPG and natural gas prices have remained stable, premium gasoline and optimal diesel prices have increased. To reduce vulnerability to market volatility, the nation is diversifying its energy matrix; renewable sources now account for more than 25% of the supply, while oil dependence has been lowered to approximately 10%.

Versions

  1. 2026-09-18 20:38 UTC Dominican Republic energy and mining sector development
  2. 2026-09-18 04:30 UTC Dominican Republic energy and mining sector development
  3. 2026-09-18 04:29 UTC Dominican Republic energy and mining sector development
  4. 2026-09-17 18:18 UTC Dominican Republic energy and mining sector development
  5. 2026-09-17 04:50 UTC Dominican Republic energy and mining sector development

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.