TT officals meeting with Petrobas, will brief media Wednesday

The Government of Trinidad & Tobago has scheduled a media briefing for Wednesday at two in the afternoon to provide an update on energy meetings with Petrobras of Brazil. 

The senior leadership of Petrobras will also attend.

Petrobras is the largest company in Brazil and the third largest energy company in the world, with operations in 29 countries. The company specializes in exploration and production, refining, oil and natural gas marketing and transportation, petrochemicals, and derivatives, electric energy, biofuel and other renewable energy source distribution. 

Petrobras is regarded as a leader in the Brazilian oil industry and continues to expand its operations, with the goal of becoming one of the top five integrated energy companies in the world by 2020. 

Petrobras is the 8th largest global company in market value.

In April, Prime Minister Kamla Persad-Bissessar met with officials of the company during her official visit to Brazil. Her delegation included government ministers and businessmen from the Trinidad and Tobago private sector. 

During that visit to Brazil, the Prime Minister and members of her delegation including Ministers Rambachan and Cadiz and then Parliamentary Secretary, Kevin Ramnarine met with senior officials of Petrobras. 

Among the issues discussed with Petrobras were a memorandum of understanding that was signed in 2008 and the objective of which was to establish a general framework for cooperation between Brazil and Trinidad and Tobago in the field of energy. 

At that meeting, Petrobras was invited to send a delegation to Trinidad and Tobago.

The Petrobras delegation arrived in Trinidad and Tobago on Tuesday and is currently in discussions with officials of the Ministry of Energy and Energy Affairs and the senior leadership of the state owned energy enterprises which includes Petrotrin, NGC, NP and Lake Asphalt Trinidad and Tobago.

The subjects under discussion include:

• The supply of LNG
• Natural gas supply to Petrobras in Panama
• Opportunities to participate with Petrobras in new ventures in foreign markets
• Petrobras’s interest in oil and gas exploration and production in Trinidad and Tobago
• Petrobras’s interest in the refining industry in Trinidad and Tobago
• Petrobras’s interest in asphalt from Trinidad and Tobago

The Government of Trinidad and Tobago has said that is committed to widening and deepening trade and economic cooperation with Latin America and sees Brazil as a key partner in achieving this objective.