Trinidad's Energy Minister, Kevin Ramnarine, said that the Trinidad and Tobago energy sector benefitted from more than two billion US dollars in foreign direct investments (FDI) between 2010-12. In response to a question in the senate, Ramnarine indicated that the FDI in the oil and gas sector increased from US$549 million to US$2.5 billion over the three year period and that oil production in 2013 averaged about 81,200 barrels a day.
He also stated, “This is a decline over the 2012
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