Wednesday, July 4, 2012

Trinidad & Tobago: Energy sector contracts

Trinidad and Tobagos Point Fortin LNG terminal. PHOTO/File

The energy sector in Trinidad & Tobago contracted in the first quarter of 2012, according to the mid-year Financial Stability Report of the Central Bank.

"Preliminary data indicates that domestic economic activity remained sluggish in the first quarter of 2012. Preliminary data from the Trinidad & Tobago Ministry of Energy suggests that, despite a substantial uptick in exploration activity, the energy sector may have contracted

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