- Petrotrin
Petrotrin, the
Petroleum Company ofTrinidad and Tobago is the major State-owned oil company in Trinidad and Tobago. The company was established in 1993 by the merger of Trintopec and Trintoc, two state-owned oil companies. A third company, Trinmar was later merged into the company. Trintoc was formed from the assets of Shell Trinidad Ltd., andTexaco , while Trintopec was formed when the government purchased Trinidad Tesoro a joint venture between the government andTesoro Oil Company which was created to purchase the assets of British Petroleum. These companies were formed from a suite of earlier companies (includingUnited British Oilfields of Trinidad (UBOT) andTrinidad Leaseholds Limited ) which had themselves been formed from the companies which were first able to commercialise oil finds inTrinidad in the early twentieth century.Petrotrin's main holdings are extensive, mature onshore fields located across southern
Trinidad . Large areas have been leased out to small private producers who are able to make a profit on wells that are unprofitable for Petrotrin, given its higher labour costs. The company operates a refinery atPointe-à-Pierre , just north of San Fernando in south Trinidad. Most crude petroleum produced in Trinidad is exported without being refined. The refinery depends on imported crude (mostly fromVenezuela ), which is either used domestically or exported.Petrotrin currently produces convert|48047|oilbbl/d|m3/d and has proven reserves totalling convert|439585|Moilbbl|m3.
The refinery has a capacity of convert|190|koilbbl/d|m3/d.
External links
* [http://www.petrotrin.com/ Company Website]
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