The Experiences of Managing the Heritage and Stabilisation Fund in Trinidad and Tobago and the Sovereign Wealth Fund Guyana

Alicia Elias-Roberts () and Indira Rampaul-Cheddie
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Alicia Elias-Roberts: University of the West Indies
Indira Rampaul-Cheddie: Ministry of Energy and Energy Industries

A chapter in Sovereign Wealth Funds, Local Content Policies and CSR, 2021, pp 127-146 from Springer

Abstract: Abstract This chapter provides an analysis of the legal and regulatory framework of both Trinidad and Tobago and Guyana’s sovereign wealth funds. It discusses the legal regime of ownership of the mineral estate in Trinidad and Tobago. It discusses the procedure to obtain the Exploration and Production (Public Petroleum Rights) Licence and the Exploration and Production (Private Petroleum Rights) Licence, as well as the system of private petroleum leases in Trinidad and Tobago. The establishment and management of the Heritage and Stabilisation fund in Trinidad and Tobago is examined. In the second part of the paper the ownership of the petroleum resources in Guyana is discussed and some of the main features of Guyana’s Natural Resource Fund Act 2019 is evaluated. Also, a critical analysis of the legal framework in Guyana is undertaken and lessons from Trinidad and Tobago which can be useful to Guyana are outlined.

Keywords: Sovereign wealth fund; Stabilisation fund; Natural resource fund; Oil and gas law; Trinidad and Tobago; Guyana (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-56092-8_7

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DOI: 10.1007/978-3-030-56092-8_7

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