Trinidad and Tobago’s energy sector is set to get a much-needed boost as multinational giant BP has committed to invest billions of US dollars in this country over the next five years.
This was one of the outcomes of talks between Prime Minister Dr Keith Rowley and executives from several leaders in the energy industry, held in Houston, Texas in the United States.
Rowley, accompanied by Minister in the Office of the Attorney General and Legal Affairs Stuart Young, is in Houston to hold talks with executives from BP, Shell, Exxon Mobil and EOG Resources.
According to the Trinidad Express, a release from the Office of the Prime Minister yesterday announced BP’s intention to invest US$5 billion in the country, with BP committing to further exploration and production.
The commitment was made during a meeting between Rowley and BP executives on Wednesday, the release said.