Maxim Resources Inc. V.MXM

Trinidad - Incentives for energy investment

[souwester]

It looks like the T&T government understands the need for ROI.

From this month, Petroleum World:



Speaking at yesterday’s post-Cabinet briefing at White Hall, St Clair, Queen’s Park West, Port-of-Spain, Enill added that other promotional methods such as the Web site of the Ministry of Energy and Energy Industries and advertisements in international news would be used to publicise the blocks on offer.

Enill said T&T must position itself properly and provide the right incentives to attract investors in a globally competitive energy environment.

“T&T is in a global business so when a company looks at where it has to invest, the decisions that are being made, it is looking at capital return and where capital has its greatest returns...it is T&T versus Nigeria versus all the countries that are in this business.”