A study by Dr Terrence Farrell has found that the sustainability of the downstream petrochemical sector is under threat because of uncompetitive natural gas prices.
Dr Farrell this morning presented his year-long study of the country’s downstream sector.
The economist said both natural gas shortage and price has led to a reduction in methanol and ammonia production and a loss of jobs in the sector.
He predicted that unless there is a change in policy the sector will get to a point of no return and there will be a collapse of the Point Lisa’s Industrial Estate.
T&T could earn as much as $10 billion over the next nine years following the signing of a deal between Government and Royal Dutch Shell.
The announcement was made by Energy Minister Franklin Khan who gave details to the Parliament on Monday following more a year of negotiations. He revealed that Shell agreed to pay government $2.5 billion by the end of 2019, the money to be paid in US to the sum of US $397 million.
Caribbean Airlines has announced that it intends to start a service to Curacao on August 02, 2019, subject to approval by the Trinidad and Tobago Civil Aviation Authority (TTCAA).
The projected schedule is a twice-weekly service on Mondays and Fridays, which will depart at 11:55 am from the Piarco International Airport, Trinidad.
The return flight will leave the Curacao International Airport at 2:35 pm.
Caribbean Airlines says the flights will provide seamless connections to and from Barbados, Grenada, Guyana, New York and other destinations.
Prime Minister Dr Keith Rowley on Tuesday met with Geraldine Slattery, President of BHP Petroleum and Vincent Pereira, President BHP Trinidad and Tobago at the energy company’s petroleum Headquarters in Houston, Texas.
The discussions focused on BHP’s current exploration programme and the opportunities available for collaboration with the Government of Trinidad and Tobago aimed at increasing oil and gas production.
Prime Minister Dr Keith Rowley on Tuesday met with Chairman and CEO of EOG Resources William Thomas at EOG Resources Heritage Plaza in Houston, Texas.
A statement by the Office of the Prime Minister said that EOG updated Dr Rowley and his delegation on their exploration and production initiatives since the prime minister’s last meeting with EOG in Houston in 2017.
The energy company is executing an aggressive drilling programme which will continue with the drilling of a number of wells over the next year and beyond.
Venezuelan nationals seeking employment in this country after registering in the government's amnesty, are being catered for by some companies, with bilingual application forms.
Among those companies is Prestige Holdings, which has now adapted its forms with Spanish translations to ensure that the Venezuelan nationals could understand.
Prestige Holdings is the parent company of Subway, KFC, Pizza Hut, TGI Fridays and Starbucks.
The registration process runs from May 31 to June 14.
Following decades of economic stagnation, the largest English-speaking country in Caricom has witnessed an economic turnaround, with growing levels foreign exchange, four years on uninterrupted growth and unemployment now at its lowest in the country's recent history. Jamaica's economy has roared back and it was done on the back of a stringent IMF programme.
In an exclusive interview with the Business Guardian's Hema Ramkisson the country's Finance Minister explained the secret to a real turnaround.
One of the Government’s four grounded AW139 helicopters is expected to become serviceable within the next month, with two more shortly after, as well, says acting National Security Minister Fitzgerald Hinds.
He gave the reply in the Senate on Tuesday following query by Opposition senator Wade Mark.
Hinds said the helicopters were grounded in June 2017 because of the “extremely high cost” of maintaining them as military helicopters cost over $150 m a year.
Prime Minister Dr Keith Rowley will leave the country this Sunday for a series of meetings with energy companies that operate in Trinidad and Tobago.
The prime minister told today's post-Cabinet news conference that he will lead a government delegation for meetings that will take him out of the country for 10 days.
He will first go to Holland where he will meet with officials of Shell.
From Holland, the PM and team will journey to London for meetings with Bp officials.
He will also meet with nationals of Trinidad and Tobago in London.