Private sector participation in the petroleum industry of Trinidad & Tabago
- Petroleum Company of Trinidad and Tobago, Ltd., Trinidad (Spain)
The limitations of size, domestic capital markets and the relative youth of the country, has seen shifts in the importance attributed to the private sector in energy over the past three (3) decades. The need for foreign capital and expertise has never been considered unimportant, but the corresponding need for deepening and widening the involvement of nationals in all aspects of energy sector developments has tended to make Trinidad and Tobago seek, where practicable, the joint venture as a preferred mode of operation. The need for efficient competition, not always easy to achieve in a mini-state, has led to a plural and diverse mix of arrangements, with state sector energy entities not always co-ordinated in the most efficient manner and with the local private sector in energy operating as small and mostly silent participants. The size of the country, particularly against that of international energy, thus dictates that wide domestic ownership in the energy sector in still some way off. However, the immediate benefits of new foreign capital and technology, new management expertise, more competition and greater efficiency of operations, have provided enough impetus to ensure that the role of the private sector in the energy sector in Trinidad and Tobago will continue to be enhanced to the benefit of the country, as it seeks to prepare itself for the 21st century.
- Research Organization:
- East-West Center, Honolulu, HI (United States). Program on Resources: Energy and Minerals
- OSTI ID:
- 121210
- Report Number(s):
- CONF-9309209-; ON: DE95014708; TRN: 95:023941
- Resource Relation:
- Conference: 2. Interamerican petroleum and gas conference, Dallas, TX (United States), 27 Sep 1993; Other Information: PBD: [1993]; Related Information: Is Part Of Proceedings of the 1993 InterAmerican Petroleum and Gas Conference; PB: 459 p.
- Country of Publication:
- United States
- Language:
- English
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