PETROCHEMICAL COMPLEX TO SPAWN NEW INDUSTRIES

An US$ 1.7 billion Ammonia, Urea Ammonia Nitrate and Melanine (AUM) complex due to be completed before the end of the year is expected to spawn spin-off industries and achieving a goal of the Trinidad and Tobago government for natural gas to be used for creating products further downstream in the petrochemical value chain.
The ammonia plant which began commercial operations last May and producing above the 2000 metric tonnes per day will provide the feed stock to produce the end…

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INFLATION CONTINUES DOWNWARD TREND

According to the latest data released by the Central Statistical Office, inflation continued on a downward trend for the fourth consecutive month.
Headline Inflation, measured by the 12- month increase in the Index of Retail prices, fell to 4.3 per cent in August 2009 from 5.9 per cent in the previous month and from 11.6 per cent at the start of the year.
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BPTT BEGINS GAS PRODUCTION FROM SAVONETTE

BP Trinidad and Tobago (bpTT) today announced the start of natural gas production from the Savonette field, offshore Trinidad. Savonette is located in 290 feet (88 metres) of water approximately 50 miles off Trinidad’s south east coast. BPTT holds a 100 per cent interest in the field.
Production from the platform is tied into bpTT’s Mahogany B platform, via a 26-inch diameter 5.3 mile subsea pipeline, where the gas is processed and then exported into bpTT’s existing infrastructure. Gas from Savonette will supply…

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