Business
Trinidad and Tobago company PetroTrin finds more oil
The people of this Trinidad and Tobago (T&T) can expect better times ahead as state-owned company PetroTrin has struck “black gold” with the discovery of 48 million barrels of crude oil, Prime Minister Kamla Persad-Bissessar said yesterday.
PetroTrin’s president-designate said the company, which was engaged in aggressive drilling, discovered the oil off the Gulf of Paria four miles west of Point Fortin in 60 feet of water.
Following yesterday’s Cabinet meeting, Persad-Bissessar, Cabinet Ministers and PetroTrin’s officials and technocrats filled the press room of the post-Cabinet press conference at the PM’s St Clair offices to announce the news.
Questioned by the media on the timing of the disclosure of the oil find as it coincided with a critical meeting with the Partnership leaders, PetroTrin’s chairman Lindsay Gillette said he will leave the politics for the politicians.
Persad-Bissessar, in making the announcement on the eve of the Shouter Baptist Liberation Day holiday today, said the oil find re-affirms that indeed “God is a Trini”.
“As a result of the jubilee discovery by PetroTrin as a state-owned company decisions can be made faster and easier and you can be assured there will be no squandering of these very precious resources but every penny derived will go towards genuine people-centered development in several areas,” she said.
“So what does it now mean for the man in the street, for the citizen of Trinidad and Tobago? In a phrase if I would sum it, I would say better times in the best of initiatives that will benefit you the citizen of Trinidad and Tobago,” she added.
