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1985 GOTT acquired Tesoro Corporation’s 49.9% equity in Trinidad-Tesoro Petroleum Company Limited for 3.23 million barrels of residual fuel to be paid over a period of 18 months: May 1986 to November 1987. Name of the Company changed to Trinidad and Tobago Petroleum Company Limited (TRINTOPEC).
Trinidad Petroleum Holdings is a state-owned oil company in Trinidad and Tobago. Its principal activities are the exploration, development, and production of hydrocarbons, operations it conducts through its primary subsidiary, Heritage Petroleum Company Ltd .
Petroleum Company of Trinidad and Tobago Limited (trading as Petrotrin) was a state-owned oil company in Trinidad and Tobago. Its principal activities were the exploration, development and production of hydrocarbons in addition to the manufacturing and marketing of petroleum products.
And they agreed that Tesoro would come in and operate the company.” Longtime energy technocrat, Malcolm Jones, formerly Executive Chairman of the state flagship energy entity, the Petroleum Company of Trinidad and Tobago (Petrotrin) into which, ironically, Trinidad Tesoro was later subsumed after the government
Feb 1, 2020 · 1993: The Petroleum Company of Trinidad and Tobago (Petrotrin) is registered on January 21, 1993, with an authorised share capital of TT$1,500 million. Petrotrin is the single entity formed as a result of the merger of the state-owned oil companies – Trintoc and Trintopec.
Incorporated in Trinidad in 1969, the company was 50.1 percent owned by the island's government, with the remainder owned by Tesoro. Both partners contributed $50,000 to the venture, which subsequently purchased BP's holdings, including properties, equipment, and remaining oil products for $28 million.
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May 29, 2018 · Since the Trinidadian government had no experience in the petroleum business, Tesoro was able to convince it to enter into joint ownership of the properties, forming Trinidad-Tesoro Petroleum Company Limited. Incorporated in Trinidad in 1969, the company was 50.1 percent owned by the island ’ s
