Trinidad and Tobago: World Oil Report 1991

Journal Article · Thu Aug 01 04:00:00 EDT 1991 · World Oil; (United States)

OSTI ID:5797010

This paper reports that Trinidad and Tobago has decided to increase its oil export revenue by pumping as much crude as possible. This island nation consequently has embarked on a $403-million expansion project that covers everything from initiating secondary recovery at a number of fields to upgrading the Point a Pierre refinery. Trinidad and Tobago Oil Co. (Trintoc) is operating the project and has received a $260-million loan from the Inter-American Development Bank. Another $75 million is coming from the Export-Import Bank of Japan and the European Investment Bank. Trintoc based the work on $22 oil, a level still not achieved for any duration, but the firm shows every sign of finishing the project as planned. Completion of work should impact the nation significantly. Crude oil and products account for 60% of all exports and 24% of governmental revenue. However, oil production has tumbled about 65,000 bpd from a 1978 peak of 215,000 bpd.

• OSTI ID: 5797010
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 212:8; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
DRILLING
ECONOMIC IMPACT
ENERGY SOURCES
ENHANCED RECOVERY
EXPLORATORY WELLS
EXPORTS
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
GOVERNMENT POLICIES
INDUSTRY
ISLANDS
LESSER ANTILLES
MINERAL RESOURCES
OIL FIELDS
OIL WELLS
OPTIMIZATION
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
PRODUCTIVITY
RECOVERY
RESOURCES
TRADE
TRINIDAD AND TOBAGO
WELL COMPLETION
WELL DRILLING
WELLS
WEST INDIES