The Dominican government, through the Ministry of Energy and Mines, and the University of Texas at Austin (UT) have officially launched a collaborative research project to assess the hydrocarbon potential in the country's terrestrial and maritime sedimentary basins. The initiative, titled 'Regional Evaluation of Energy Potential in Terrestrial and Marine Sedimentary Basins, Dominican Republic and Adjacent Caribbean Sea,' will run until March 2027 and aims to strengthen the country's technical database on hydrocarbons and critical minerals such as rare earths Source: listindiarioSource: diariolibree.
The project is led by Minister Joel Santos and a mission from UT's Bureau of Economic Geology (BEG), headed by Mark Shuster. It seeks to provide precise and detailed information on hydrocarbon resources to attract foreign investment and enhance energy security. The BEG will bring its extensive expertise in geological research, including studies on oil, gas, geothermal energy, and emerging resources like hydrogen Source: listindiario.
During the visit, specialists were briefed on the ongoing advanced rare earth exploration in Pedernales, conducted by the Ministry and the Dominican Mining Company (Emidom). Minister Santos emphasized that understanding the country's resource base is critical for geopolitical positioning and strategic decision-making Source: diariolibree. This partnership underscores the Dominican Republic's commitment to assessing both conventional and critical mineral resources.
“Este proyecto es muy importante para la República Dominicana, por lo que representa para la seguridad energética no solamente en la parte de petróleo y gas, sino, en la parte de minerales críticos (tierras raras)...”
“El Gobierno dominicano, a través del Ministerio de Energía y Minas y la Universidad de Texas Austin (UT), iniciaron un proyecto de investigación para alinear y fortalecer la base de datos técnicos del país sobre el potencial de hidrocarburos...”