Trinidad and Tobago to build second refinery

Feb 15, 2008 01:00 AM

Trinidad and Tobago's Minister of Energy and Energy Industries Conrad Enill has announced that the twin-island nation will construct a $ 3-4 bn refinery next to its existing 168,000 bpd refinery at Pointe-a-Pierre.
The Minister said, although the final figure is not yet in, he expects the refinery's capacity to be in the order of 200,000 bpd.

Enill told a BG Trinidad & Tobago-sponsored luncheon the new refinery would be export oriented.
"As a producer of approximately 150,000 bpd of oil, the country would benefit from being able to refine its own crude and convert it into saleable products for the fuels retail market," Enill said.

The energy minister said bottom-of-the-barrel products from state-owned Petrotrin can be utilized as feedstock for the new facility.
The government is close to hiring a contractor, Enill said, but the final figures are not in so the final cost has not yet been determined.

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