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In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. [3] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not as proportionately important as in many other Caribbean islands.
In June 2004, ISG acquired the assets of bankrupt Georgetown Steel for $18 million in cash. [1] [8] In July 2004, ISG acquired an idled hot-briquetted iron facility in Point Lisas, Trinidad and Tobago for $18 million in cash. It was restarted in November 2004. [1] [9] In April 2005, the company was acquired by Mittal Steel Company. [10]
The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same. Some steel is more valuable than other steel, so the volume is not the same as turnover. Some of the world's leading steel producers include China Baowu Group and ...
The mill was equipped with an electric furnace for generating steel from scrap metal produced from the waste of pipe and rail wheel production. The construction took 5 years and cost $700 million. [9] Interpipe began supplying steel to the United Arab Emirates (UAE) market in the early 2000s with up to 16% of global sales coming from this region.
(The government bought out Tesoro in 1985, and changed the name of the company to Trinidad and Tobago Petroleum Company Ltd [Trintopec].) In 1974, the government bought the local assets of Shell Trinidad Ltd, and formed a new national oil company, the Trinidad and Tobago Oil Company Ltd (Trintoc) to hold and operate them. The government formed ...
60% of the company is jointly owned by the United States companies Beowulf Energy LLC and First Reserve Energy International Fund. Rest is owned by the Trinidad and Tobago companies Guardian Holdings (15%), Unit Trust Corporation (15%), and the National Gas Company of Trinidad and Tobago (10%). [6]
College of Science, Technology & Applied Arts of Trinidad and Tobago (COSTAATT) [6] Hugh Wooding Law School (HWLS) [7] Professional Institute of Marketing and Business Studies Ltd. (PIMBS) [8] Roytec [9] SAM Caribbean Limited (SAM) [10] School of Business and Computer Science (SBCS) [11] School of International Travel and Languages (SITAL) [12]
With 11 ammonia plants and seven methanol plants, Trinidad and Tobago was the world's largest exporter of ammonia and the second largest exporter of methanol in 2013, according to IHS Global Insight. [21] Overall production and export for ammonia, methanol, urea, and UAN decreased to 428,240 metric monnes (MT) in 2013 from 564,892 MT in 2012.