Trinidad and Tobago’s oil and gas industry is exploring new strategies to respond to weaker hydrocarbons prices, including enhanced oil recovery (EOR) techniques and potential sources of new supply.
Trinidad & Tobago
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Presented by the new government of Trinidad and Tobago on October 5, the draft budget signals an early attempt on the part of the administration to tackle the country’s changing fiscal balance.
The transformation of Trinidad and Tobago’s telecoms and mobile market is entering a new phase, following news in August that the regulator has given the go-ahead for the sale of a 49% stake in key local player Telecommunications Services of T&T (TSTT).
The government of Trinidad and Tobago launched the country’s largest-ever initial public offering (IPO) on August 10, floating 75.8m shares of Phoenix Park Gas Processors Ltd (PPGPL), one of the country’s major natural gas processing companies.
The economy in Trinidad and Tobago is expected to see a short-term boost from increased public spending in the run-up to the general elections, scheduled for September 7.
Legislation for a single authority to control roads and highways is advancing through parliament in Trinidad and Tobago as the government aims to make licence issuance more transparent as well as curb uninsured driving.