History of Oil Refining in T&T

Roger Hosein ()
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Roger Hosein: The University of the West Indies

Chapter Chapter 3 in Oil and Gas in Trinidad and Tobago, 2021, pp 49-73 from Springer

Abstract: Abstract This chapter outlines the economic trends in the oil refining sector of Trinidad and Tobago. The analysis is decomposed into 3 distinct periods: the period before Texaco (1910–1955), the period of Texaco (1956–1985) and the period after Texaco (1986 to the present). The chapter analyzes changes in refinery output, capacity utilization, imports, exports employment and value added. The progress of the Petrotrin refinery is traced from its infancy to the period of peak performance in the 1970s. The chapter then elaborated the factors which weakened the position of the refining sector in T&T, including the presence of rigidities in the business environment that prevented the desulphurization plant to be set up by Texaco in the early 1970s.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77669-5_3

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DOI: 10.1007/978-3-030-77669-5_3

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