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CONTACT Magazine (Vol.18 No.1 – April 2018)

The first issue of the rebranded CONTACT Magazine — with a brand new editorial and design direction — produced by MEP Publishers for the Trinidad & Tobago Chamber of Industry & Commerce

the state of the nation

the state of the nation statistics Oil, gas and petrochemicals 76,000 Crude oil and condensate production (bbls/d) 74,000 76,000 72,000 74,000 76,000 Crude oil and condensate production 70,000 (bbls/d) 72,000 74,000 76,000 68,000 70,000 72,000 74,000 66,000 68,000 70,000 72,000 64,000 66,000 68,000 70,000 62,000 64,000 October November December 66,000 68,000 62,000 2016 68,979 72,042 75,024 October November 64,000 December 66,000 2017 66,471 71,554 73,909 2016 68,979 72,042 62,000 75,024 64,000 October November December 2017 66,471 71,554 73,909 2016 68,979 72,042 75,024 62,000 October November 2017 December 66,471 71,554 73,909 2016 68,979 72,042 75,024 2017 66,471 71,554 73,909 4,500 Crude oil and condensate production (bbls/d) Natural gas production (mmscf/d) Natural gas production (mmscf/d) 4,000 4,500 3,500 Natural gas production (mmscf/d) 4,000 3,000 3,500 4,500 Natural gas production 2,500 (mmscf/d) 3,000 4,000 2,000 4,500 2,500 3,500 1,500 4,000 2,000 3,000 1,000 3,500 1,500 2,500 500 3,000 1,000 2,000 0 2,500 500 1,500 October November December 2,000 0 1,000 2016 3,322 3,183 3,428 1,500 October November 2017 500 December 3,102 3,654 3816 , 1,000 2016 3,322 3,183 0 3,428 October November December 500 2017 3,102 3,654 3816 , 2016 3,322 3,183 3,428 0 October November 2017 December 3,102 3,654 3816 , 2016 3,322 3,183 Ammonia 3,428 production (tonnes) 2017 3,102 3,654 3816 , 450,000 Ammonia production (tonnes) Ammonia production (tonnes) 440,000 450,000 430,000 440,000 450,000 Ammonia production 420,000 (tonnes) 430,000 440,000 450,000 410,000 420,000 430,000 440,000 400,000 410,000 420,000 430,000 390,000 400,000 410,000 420,000 380,000 390,000 October November December 400,000 410,000 380,000 2016 400,829 413,225 439,148 October November 390,000 400,000 2017 429,721 December 438129 , 417,525 2016 400,829 413,225 380,000 439,148 390,000 October November December 2017 429,721 438129 , 417,525 2016 400,829 413,225 439,148 380,000 October November 2017 429,721 December 438129 , 417,525 2016 400,829 413,225 439,148 Ammonia exports (tonnes) 2017 429,721 438129 , 417,525 450,000 Ammonia exports (tonnes) Ammonia exports (tonnes) 400,000 450,000 350,000 400,000 300,000 350,000 Ammonia exports (tonnes) 450,000 250,000 300,000 400,000 200,000 450,000 250,000 350,000 150,000 400,000 200,000 300,000 100,000 350,000 150,000 250,000 50,000 300,000 100,000 200,000 0 250,000 50,000 150,000 October November December 200,000 0 100,000 2016 402,089 329,198 371,737 150,000 October November 50,000 2017 361,474 December 407,844 401,647 100,000 2016 402,089 329,198 0 371,737 October November December 50,000 2017 361,474 407,844 401,647 2016 402,089 329,198 371,737 0 October November 2017 361,474 December 407,844 401,647 2016 402,089 329,198 371,737 Trinidad and Tobago Chamber Methanol production (tonnes) 40 2017 of Industry 361,474 and Commerce 407,844 401,647 www.chamber.org.tt/contact-magazine 600,000 Methanol production (tonnes) 600,000 500,000 Crude oil and condensate production (bbls/d) Methanol production (tonnes)

300,000 400,000 350,000 250,000 250,000 350,000 300,000 200,000 200,000 300,000 250,000 150,000 150,000 250,000 200,000 100,000 100,000 200,000 150,000 150,000 100,0000 100,000 0 50,000 October November December October November December 50,000 2016 0 402,089 329,198 371,737 2016 402,089 329,198 October 371,737 November December 0 2017 361,474 407,844 401,647 2017 level than October 361,474 late 2016 November 407,844 2016 402,089 December 401,647 329,198 371,737 2016 402,089 329,198 2017 361,474 371,737 407,844 401,647 2017 361,474 407,844 401,647 • Oil and gas output was edging up at the end of 2017 but at a lower • Methanol output was ahead of 2016, but ammonia and urea showed sharp declines 600,000 600,000 Methanol production (tonnes) 600,000 500,000 500,000 600,000 400,000 500,000 400,000 500,000 300,000 400,000 300,000 400,000 200,000 300,000 200,000 300,000 100,000 200,000 100,000 200,000 100,000 0 0 October November December 100,000 October November December 2016 0 351,394 338,318 406,894 2016 351,394 338,318 October 406,894 November December 0 2017 444,011 417,707 477,613 2017 October 444,011 November 417,707 2016 351,394 December 477,613 338,318 406,894 2016 351,394 338,318 2017 444,011 406,894 417,707 477,613 2017 444,011 417,707 477,613 500,000 500,000 450,000 450,000 Methanol exports (tonnes) 500,000 400,000 400,000 500,000 450,000 350,000 350,000 450,000 400,000 300,000 300,000 400,000 350,000 250,000 250,000 350,000 300,000 200,000 200,000 300,000 250,000 150,000 150,000 250,000 200,000 100,000 100,000 200,000 150,000 150,000 50,000 100,0000 100,000 0 October November December October November 50,000 December 2016 50,000 0 306,111 324,115 367,504 2016 306,111 324,115 October 367,504 November December 0 2017 457,607 408,913 393,079 2017 October 457,607 November 408,913 2016 December 306,111 393,079 324,115 367,504 2016 306,111 324,115 2017 457,607 367,504 408,913 393,079 2017 457,607 408,913 393,079 70 70 Urea production (tonnes) 60 60 70 70 50 50 60 60 40 40 50 50 30 30 40 40 20 20 30 30 10 10 20 20 0 0 10 October November December 10 October November December 2016 0 58.3 48.8 63.1 2016 58.3 48.8 October 63.1 November December 0 2017 61.7 53.1 4 2017 October 61.7 November 53.1 2016 December 58.34 48.8 63.1 2016 58.3 48.8 2017 61.7 63.1 53.1 4 2017 61.7 53.1 4 80 80 Urea exports (tonnes) 70 70 80 60 60 80 70 50 50 70 60 40 40 60 50 30 30 50 40 20 20 40 30 10 10 30 20 0 20 0 10 October November December October November December 10 2016 0 36.3 41.9 66.3 2016 36.3 41.9 October 66.3 November December 0 2017 57.6 68.3 16.5 2017 October 57.6 November 68.3 2016 December 36.3 16.5 41.9 66.3 2016 36.3 41.9 2017 57.6 66.3 68.3 16.5 2017 57.6 68.3 16.5 www.chamber.org.tt/contact-magazine 41 Methanol production (tonnes) Methanol exports (tonnes) Urea production (tonnes) Urea exports (tonnes) Methanol production (tonnes) Methanol production (tonnes) Methanol exports (tonnes) Methanol exports (tonnes) Urea production (tonnes) Urea production (tonnes) Urea exports (tonnes) Urea exports (tonnes) Trinidad and Tobago Chamber of Industry and Commerce

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