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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.
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Trinidad and Tobago has been involved in the petroleum sector for over one hundred years. There has been considerable oil and gas production on land and in shallow water, with cumulative production totaling over three billion barrels of oil. Trinidad and Tobago is the largest oil and natural gas producer in the Caribbean.
Trinidad and Tobago is the leading Caribbean producer of oil and gas and its economy is heavily dependent upon these resources. Recently, the country’s economy has become susceptible to fluctuating oil and gas prices and in an effort to undergo economic transformation through diversification, the government has identified the creative industries, particularly the music, film and fashion ...
The building houses the Trinidad and Tobago Insurance Limited company. [8] [9] The total construction budget was TT$8.2 million. [10] The building is owned by ANSA McAL.
Such companies include BP (Trinidad and Tobago Ltd), and Repsol (Trinidad and Tobago Ltd). As a result of the sale of RBTT Holdings to the Royal Bank of Canada in a cash and share deal in the late 2000s, a significant number of RBC shares are held by former shareholders of RBTT Holdings, which, at the time of its delisting, was one of the ...
One Caribbean Media Ltd (OCM) is a vertically integrated holding company based in Port of Spain, Trinidad and Tobago.The new company was founded in December 2005, following the merger of the Caribbean Communications Network (CCN) of Trinidad and Tobago, and the Nation Corporation of Barbados.
InvesTT is Trinidad and Tobago's national investment promotion agency, aligned with the Ministry of Trade and Industry. It focuses on the attraction of foreign direct investment in the country’s key non-energy sectors: Innovative computer technology; Logistics and distribution; Maritime services; Electricity intensive manufacturing and assembly