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This was further compounded by the slowdown in the Trinidad and Tobago economy stemming from depressed commodity (oil and gas) prices from 2014 onwards. Despite this, there has been a number of large cap listings, including the listings of First Citizen's Bank and the Trinidad and Tobago Natural Gas Company Limited.
The economy benefits from a growing trade surplus. Economic growth reached 12.6% in 2006 and 5.5% in 2007 as prices for oil, petrochemicals, and LNG remained high, and as foreign direct investment continued to grow to support expanded capacity in the energy sector. Trinidad and Tobago's infrastructure is adequate by regional standards.
Trinidad and Tobago, officially the Republic of Trinidad and Tobago, is a twin island country situated off the northern edge of the South American mainland, 11 kilometres (6.8 miles) off the coast of northeastern Venezuela and 130 kilometres (81 miles) south of Grenada.
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(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 ...
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The authority is the largest public utility in the country. It serves over 92% of the population with pipeborne water through private house connections and standpipes. [2] Since its establishment, water production has increased from 223,000 cubic metres to 650,000 cubic metres in 1990.