{"id":469492,"date":"2025-05-29T11:34:04","date_gmt":"2025-05-29T15:34:04","guid":{"rendered":"https:\/\/deultimominuto.net\/en\/uncategorized\/refidomsa-evolution-of-a-public-company-that-moves-the-dominican-republic\/"},"modified":"2025-05-29T14:49:52","modified_gmt":"2025-05-29T18:49:52","slug":"refidomsa-evolution-of-a-public-company-that-moves-the-dominican-republic","status":"publish","type":"post","link":"https:\/\/deultimominuto.com\/en\/history\/private-companies\/refidomsa-evolution-of-a-public-company-that-moves-the-dominican-republic\/","title":{"rendered":"Refidomsa: evolution of a public company that moves the Dominican Republic"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The <strong>Dominican Republic Petroleum Refinery S.A. (Refidomsa)<\/strong> has been, since its founding, a fundamental axis in the energy security and economic development of the <a href=\"https:\/\/ab.deultimominuto.net\/estilo\/turismo\/republica-dominicana\/\" data-type=\"link\" data-id=\"https:\/\/ab.deultimominuto.net\/estilo\/turismo\/republica-dominicana\/\" target=\"_blank\" rel=\"noopener\">Dominican Republic<\/a>. With 52 years of uninterrupted operation, this state-owned company has evolved beyond the simple refining of crude oil, becoming a model of modern public management, sustained by a strategy of expansion, technological renewal, and a vision for the future.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>History of the Dominican Republic Refinery of Petroleum<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Refidomsa was established on <strong>November 7, 1969<\/strong>, following an agreement between the Dominican State and Royal Dutch Shell, and officially inaugurated on <strong><a href=\"https:\/\/ab.deultimominuto.net\/estilo\/efemerides\/efemerides-del-24-de-febrero\/\" data-type=\"link\" data-id=\"https:\/\/ab.deultimominuto.net\/estilo\/efemerides\/efemerides-del-24-de-febrero\/\" target=\"_blank\" rel=\"noopener\">February 24<\/a>, 1973<\/strong> in Haina, San Crist\u00f3bal. From its inception, it operated under the <em>hydroskimming<\/em> model, with an installed refining capacity of <strong>34,000 barrels of crude oil per day<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This milestone represented a significant advance in the country&#8217;s ability to manage its energy resources, reducing dependence on imported derivatives and fostering self-sufficiency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Shareholder Reconfiguration: From Mixed Company to State-Owned Enterprise<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In <strong>2010<\/strong>, the Dominican State sold <strong>49% of the shares<\/strong> to Venezuela for <strong>US$133.43 million<\/strong>, as part of the Petrocaribe agreement. In August of <strong>2021<\/strong>, the Dominican government recovered all of the shares for <strong>US$88.13 million<\/strong>, with the approval of the US OFAC, consolidating Refidomsa as a <strong>100% state-owned company<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/ab.deultimominuto.net\/wp-content\/uploads\/2025\/05\/a20190412t100512-m-172-16-22-102-n8-661-483-14-f_17068155_20210819154034-1024x686.webp\" alt=\"Edificio de oficinas de la Refiner\u00eda Dominicana de Petr\u00f3leo (Refidomsa)\" class=\"wp-image-482459\" title=\"\"><figcaption class=\"wp-element-caption\">Edificio de oficinas de la Refiner\u00eda Dominicana de Petr\u00f3leo (Refidomsa)<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Recent Milestones: 2024 Achievements<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">During its 52nd anniversary, Refidomsa highlighted a series of achievements that have redefined its position in the energy market:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Inauguration of four LPG storage spheres<\/strong>, increasing capacity from 140 thousand to <strong>380 thousand barrels<\/strong>, representing up to 40 days of national coverage.<\/li>\n\n\n\n<li><strong>Investment of US$91 million<\/strong> in these spheres, the largest in the company&#8217;s history, built in 30 months under international standards (ASME code).<\/li>\n\n\n\n<li><strong>Jos\u00e9 Francisco Pe\u00f1a G\u00f3mez Technology Center<\/strong> in Haina, with an investment of <strong>RD$227.6 million<\/strong>, focused on the formative development of national technical talent.<\/li>\n\n\n\n<li><strong>AA+ rating<\/strong> awarded by Fitch Ratings, reflecting its financial stability and institutional credibility.<\/li>\n\n\n\n<li><strong>Almost 1.8 million hours worked without serious incidents<\/strong> or plant shutdowns since October 2023, demonstrating operational efficiency.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Managerial Restructuring: New Leadership Stage<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Within the framework of his first year as Chairman of the Board of Directors, <strong>Dr. Leonardo Aguilera<\/strong> announced in 2024 a series of key managerial changes to strengthen the strategic vision and expand Refidomsa&#8217;s presence in new markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Among the most outstanding designations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Yamily L\u00f3pez<\/strong> was appointed <strong>general manager<\/strong>, replacing <strong>N\u00e9stor Rodr\u00edguez<\/strong>, who retired after 45 years of continuous service.<\/li>\n\n\n\n<li><strong>Ram\u00f3n Artilez<\/strong>, designated as <strong>deputy general manager<\/strong>.<\/li>\n\n\n\n<li><strong>C\u00e9sar Bautista<\/strong>, new <strong>Marketing and Supply Manager<\/strong>.<\/li>\n\n\n\n<li><strong>William Lockward<\/strong>, <strong>Business Intelligence Coordinator<\/strong>.<\/li>\n\n\n\n<li><strong>Ariel Ure\u00f1a<\/strong>, assumed as <strong>Maintenance Coordinator<\/strong>.<\/li>\n\n\n\n<li><strong>Franklin Morrison<\/strong>, as <strong>Head of Professional Development and Training Actions<\/strong>, driving the transformation of the internal training system.<\/li>\n<\/ul>\n\n\nAguilera explained that these designations respond to the need to make the company more competitive and prepared for the conquest of <strong>new market niches<\/strong>, such as the <strong>AC-30<\/strong>, a petroleum derivative key in the asphalt industry, from which Refidomsa had been inexplicably marginalized.\n\nFurthermore, an <strong>institutional link was created with the Ministry of Public Works and Communications (MOPC)<\/strong> to expedite joint projects and ensure a more effective operational link between both entities.\n\n\n<h2 class=\"wp-block-heading\">Strengthening Institutional Communication<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As part of this new phase, the President of the Board also appointed two key figures to lead Refidomsa&#8217;s strategic communication:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nelson Encarnaci\u00f3n<\/strong> was appointed <strong>Director of Communications<\/strong>, with over <strong>30 years of journalistic experience<\/strong>, having directed media outlets such as <em>CDN<\/em>, <em>Noticiario Popular<\/em> and the weekly <em>La Rep\u00fablica<\/em>, in addition to being an editor at <em>El Nacional<\/em> and <em>El Caribe<\/em>.<\/li>\n\n\n\n<li><strong>H\u00e9ctor Romero<\/strong>, assumed as <strong>Deputy Director and Content Coordinator<\/strong>, bringing a modern and innovative vision, with experience in digital media and multimedia strategies.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These designations are part of an institutional projection strategy that seeks to improve <strong>relationships with media, opinion leaders, influencers, and strategic sectors<\/strong>, to consolidate a solid, coherent image aligned with the company&#8217;s values.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Commitment to Transparency: Management of Seized Assets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In an unprecedented event, Refidomsa assumed, through an agreement with <strong>Incabide<\/strong>, the <strong>temporary management of three gas stations<\/strong> seized during &#8220;<strong>Operation Falcon<\/strong>&#8220;. These, located in Miches, were legally transferred for administration under <strong>Law 60-23<\/strong>, in an action that reinforces the company&#8217;s commitment to transparency, justice, and the efficient use of public assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Complementary Infrastructure<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Refidomsa has also promoted logistics and infrastructure projects, such as:<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Improvements to the <strong>Puerto Viejo (Azua) gas terminal<\/strong><\/li><li>Expansion of the <strong>Nizao port<\/strong><\/li><li>Construction of a <strong>new oil pipeline<\/strong> from Haina<\/li><li>Optimization of the maritime terminal in <strong>Haina Occidental<\/strong>, in partnership with <strong>Itabo<\/strong><\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">Operational Structure<\/h2>\n\n\nThe refinery operates under a technical and functional structure composed of:\n\n\n<ul class=\"wp-block-list\">\n<li>General Management<\/li>\n\n\n\n<li>Deputy General Management<\/li>\n\n\n\n<li>Operations and Technical Services Management<\/li>\n\n\n\n<li>Maintenance and Plant Shutdown Management<\/li>\n\n\n\n<li>Marketing and Supply Management<\/li>\n\n\n\n<li>Finance Management<\/li>\n\n\n\n<li>Administration and Logistics Management<\/li>\n\n\n\n<li>Security Management<\/li>\n\n\n\n<li>Legal Management<\/li>\n\n\n\n<li>Communications Department<\/li>\n\n\n\n<li>Professional Development Unit<\/li>\n\n\n\n<li>Business Intelligence Coordination<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">A Clear Vision: Energy for the Future<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With over <strong>60% market share<\/strong> in the hydrocarbons market and being one of the main sources of tax revenue for the State, Refidomsa is projecting itself towards a future focused on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Technological innovation<\/li>\n\n\n\n<li>Commercial expansion<\/li>\n\n\n\n<li>Energy sustainability<\/li>\n\n\n\n<li>Human capital formation<\/li>\n\n\n\n<li>Institutional transparency<\/li>\n<\/ul>\n\n\nIn the words of Doctor Leonardo Aguilera:\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cRefidomsa is not just a refinery; it is an institution that transforms energy into progress. Each achievement, each work, each alliance, is guided by the commitment to guarantee a stronger, fairer, and more competitive future for all Dominicans.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Institutional File: Refidomsa<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Full name:<\/strong><br>Dominican Petroleum Refinery, S.A. (Refidomsa)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Entity type:<\/strong><br>State-owned company with 100% public capital<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Foundation:<\/strong><br>November 7, 1969<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Start of operations:<\/strong><br>February 24, 1973<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Address:<\/strong><br>Carretera S\u00e1nchez Km 18, Refiner\u00eda Dominicana de Petr\u00f3leo,<br>Haina, San Crist\u00f3bal, Dominican Republic<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Phone:<\/strong><br>+1 (809) 472-9999<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Institutional Email:<\/strong><br><a href=\"mailto:info@refidomsa.com\">info@refidomsa.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Official website:<\/strong><br><a href=\"https:\/\/refidomsa.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/refidomsa.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Refining Capacity:<\/strong><br>34,000 barrels per day of crude (<em>hydroskimming model<\/em>)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LPG Storage Capacity (2024):<\/strong><br>380,000 barrels (equivalent to 40 days of national consumption)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Market Coverage:<\/strong><br>More than 60% of the hydrocarbon market in the Dominican Republic<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Credit Rating:<\/strong><br>AA+ (Fitch Ratings, 2024)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chairman of the Board:<\/strong><br>Dr. Leonardo Aguilera Batista<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>General Manager:<\/strong><br>Yamily L\u00f3pez<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Approximate number of employees:<\/strong><br>More than 700 (technical, operational, and administrative)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key Achievements (2023\u20132024):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Inauguration of 4 new LPG spheres with an investment of US$91 million<\/li>\n\n\n\n<li>Opening of the Jos\u00e9 Francisco Pe\u00f1a G\u00f3mez Technology Center<\/li>\n\n\n\n<li>More than 1.7 million hours without serious incidents or plant shutdowns<\/li>\n\n\n\n<li>Administration of stations seized in Operation Falcon<\/li>\n\n\n\n<li>Managerial restructuring and communication strengthening<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Management Team and Key Areas:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>General Submanager: Ram\u00f3n Artilez<\/li>\n\n\n\n<li>Marketing Manager: C\u00e9sar Bautista<\/li>\n\n\n\n<li>Business Intelligence Coordinator: William Lockward<\/li>\n\n\n\n<li>Maintenance Coordinator: Ariel Ure\u00f1a<\/li>\n\n\n\n<li>Head of Professional Development: Franklin Morrison<\/li>\n\n\n\n<li>Director of Communications: Nelson Encarnaci\u00f3n<\/li>\n\n\n\n<li>Deputy Director of Communications: H\u00e9ctor Romero<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Dominican Republic Petroleum Refinery S.A. (Refidomsa) has been, since its founding, a fundamental axis in the energy security and economic development of the Dominican Republic. With 52 years of uninterrupted operation, this state-owned company has evolved beyond the simple refining of crude oil, becoming a model of modern public management, sustained by a strategy [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":469493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[40565],"tags":[14549],"class_list":["post-469492","post","type-post","status-publish","format-standard","has-post-thumbnail","category-private-companies","tag-refidomsa"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phj1q1-1Y8s","jetpack_featured_media_url":"https:\/\/deultimominuto.com\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/unnamed-43.jpg","dum_api":{"author_name":"Redacci\u00f3n De \u00daltimo Minuto","author_image":"https:\/\/deultimominuto.com\/wp-content\/uploads\/2025\/02\/cropped-logo-de-ultimo-minuto-96x96.png","categories_name":["Private companies"],"featured_media_url":"https:\/\/cdn.deultimominuto.com\/en\/wp-content\/uploads\/sites\/2\/2025\/05\/unnamed-43.jpg"},"_links":{"self":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/469492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/comments?post=469492"}],"version-history":[{"count":0,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/469492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media\/469493"}],"wp:attachment":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media?parent=469492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/categories?post=469492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/tags?post=469492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}