After Years Offline, Trinidad Looks to Indian Oil to Restart Refining ...Middle East

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After Years Offline, Trinidad Looks to Indian Oil to Restart Refining
source : OILPRICE ( Middle East ) () 38
Trinidad and Tobago is once again trying to bring its long-idled one-and-only oil refinery back to life, but this time the government is talking to Indian Oil Corp about making it happen. The 165,000-barrel-per-day Guaracara refinery sits in southern Trinidad, near the town of Point-a-Pierre, along the Gulf of Paria and within sight of Venezuela’s coast on a clear day. It has been shuttered for years—since 2018 when the previous government pulled the plug, citing mounting losses, runaway upgrade costs, and a balance sheet that had gone…

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