The Americas Economy

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What is the significance of recent oil and gas discoveries in Guyana?

Marcos Rosales: In recent years strategic government programmes have brought the aerospace industry to the forefront of the country’s economy, even more so than the automotive industry, which has been the main industrial segment for many years. 

Orlando Velandia: It is important to stress that since the beginning of the downturn in commodity prices, no oil company has left the country. Nevertheless, there are some issues and challenges that need to be addressed. The country is working to enhance the interests of investors in the energy sector, and we must be more proactive and show that we listen to and address the concerns of investors. 

Articles & Analysis | Trinidad & Tobago in figures: from The Report: Trinidad & Tobago 2016

 

Tobago has a history of colonial rule by a succession of different European powers, including Spain, France and Britain. In 1802 Trinidad and Tobago came under British rule. It was not until 1889 that a British government grouped the two islands together under a single colonial administration. T&T sought and achieved independence in 1962,...

 

There is no doubt 2016 is going to be a difficult year for energy exporters, including Trinidad and Tobago. Inflation-adjusted oil prices have experienced a lot of volatility over the last 70 years; however, the recent decline was relentless, unpredicted and to some extent unpredictable. There is a future, but one has to think strategically...

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