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Caribbean L 20 ife, June 14–20, 2019 BQ
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The OPIC delegation also visited
Jamaica and the Bahamas in keeping
with a promise made by President Donald
Trump to four CARICOM leaders
whom he met at his private residence
in Miami earlier this year to discuss
the ongoing political situation in Venezuela.
Prime Minister, Dr. Keith Rowley
recently ended a 10-day long trip to the
United States, the Netherlands and the
UK seeking favorable terms for Trinidad
and Tobago energy’s sector.
This is according to a release from
his office which stated that the prime
minister met with Shell in The Hague,
Netherlands, BP in London and EOG
Resources and BHP in Houston, USA.
Rowley said over one year, the government’s
empowered negotiation team
had successfully negotiated a complex
deal with the two major energy players,
Shell and BP.
During the meeting
with Shell at their headquarters
in The Hague,
the parties reached an
agreement on several
items. These included the settlement of
outstanding legacy claims between the
parties, extensions of various Production
Sharing Contracts and an agreement
on enhanced revenue between
both parties, with an increased government
take, according to the release.
The prime minister dubbed the agreement
made between T&T’s government
and Shell as historic.
— Compiled by Azad Ali
Continued from Page 4
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