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The Trinidad & Tobago Business Guide (TTBG, 2009-10)

46 TTBG

46 TTBG 09/10 BP Trinidad and Tobago

Table 20 Production summary: oil, gas, petrochemicals, petroleum and industrial products CRUDE OIL PRODUCTION (000 bbl) Average production (b/d) Refinery throughput (000 bbl) Natural gas production (mmcf/d) LNG production (mn cu m) 2002 47,706.6 130.7 54,601.2 1,826.8 nd 2003 48,981.1 134.2 54,086.4 2,596.6 20.2 2004 44,984.7 122.9 47,842.4 2,929.1 23.2 2005 52,739.6 144.5 60,087.8 3,217.9 23.3 2006 52,104.8 142.8 55,601.7 3,878.4 29.9 2007 43,807.0 120.0 42,620.2 4,037.9 32.1 (000 bbl) Motor gasolene Gas/diesel oil Fuel oil Kerosene/ aviation fuel 2002 10,373.3 11,534.5 20,745.1 5,357.1 2003 10,572.8 11,012.7 21,258.4 5,481.0 2004 9,858.5 10,598.8 17,960.6 4,959.6 2005 11,757.8 13,282.9 20,490.4 6,484.4 2006 13,452.8 12,405.0 18,668.2 6,372.0 2007 11,871.7 12,776.1 16,880.8 6,366.7 Natural gas liquids (000 bbl) Methanol (000 tonnes) Fertilisers (000 tonnes) 2002 8,607.6 2,829.0 4,660.0 2003 10,508.8 2,845.7 4,965.0 2004 10.686.8 2,750.8 5,350.6 2005 9,889.4 4,694.8 5,914.9 2006 11,251.0 6,015.6 5,816.9 2007 12,449.9 5,933.4 5,901.9 (000 tonnes) Cement DRI Billets Wire rods 2002 743.7 2316.4 817.0 704.5 2003 765.6 2275.0 896.0 640.9 2004 768.5 2336.5 789.8 616.2 2005 686.4 2055.3 712.0 472.1 2006 883.0 2071.5 673.0 485.7 2007 901.8 2062.8 694.6 510.3 Source: Central Bank Industrial estates Of course, all these major industries will require new industrial estate and port facilities. This responsibility has been handed to the NEC, which has already completed one such new location, the 250-hectare Union Estate at La Brea, south of the long-established 150-hectare La Brea estate. The latter has for some time had its full complement of 46 tenants, including the ground-breaking fabrication yard where new offshore platforms are built, an industry which has proved a resounding success. Union is also already spoken for, with the aluminium smelter and associated power plant as its chief tenants. The NEC will continue work in 2009 on two further facilities. One is the 1,800-hectare Point Lisas South and East industrial estate (next to the original Point Lisas estate, which propelled Trinidad and Tobago into gas-based industry big time); its tenants are expected to be Essar steel, Carisal and Isegen. The other is the Oropouche industrial estate, to be built on 1,400 hectares of land reclaimed from the sea, 3.5 km off the west coast. This may slow down in 2009 because of the projected shortfall in government revenue. Port development Port development associated with new estates is also moving ahead. US$40 million is being spent on a new 307-metre quay wall adjoining the existing port at La Brea, which will involve 5 hectares of reclamation and 15.5 hectares for storing incoming alumina for the Alutrint smelter, to which the port will be exclusively dedicated. At Point Lisas South and East, meanwhile, a multi-user three-berth facility is about to begin, at a projected cost of US$104 million. The three berths can be increased in future to nine if required. Then there is the TT$447 million port at Galeota, in the southeast, located close to the existing terminal operated by Scotland’s Asco on behalf of BP, which has had to move out because of the new facility. It will have six berths, primarily to serve east coast offshore oil and gas production platforms; there will be room for onshore commercial activity. The NEC has estimated that estate development and port construction will cost a total of TT$3.8 billion (about US$633 million) between 2008 and 2013. This does not include the plants that will actually occupy the estates, which are priced at another TT$55 billion (US$9.16 billion). Award-winning journalist David Renwick is a specialist on Caribbean energy and the author of the bi-monthly ENERGY Caribbean newsletter and the ENERGY Caribbean Yearbook. 09/10 TTBG 47

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