(Energy Analytics Institute, 24.Mar.2022) — Energy briefs including Trinidad and Tobago’s Vision 2030 laying out a development agenda to address major National Development Strategy challenges; and a Venezuelan oil expert in Caracas saying that the OPEC country in the early months of 2022 is importing around 60,000 b/d of condensate from Iran and that total oil production is only between 650,000-720,000 b/d.
LATIN AMERICA AND THE CARIBBEAN
Trinidad and Tobago
— “The Government of the Republic of Trinidad and Tobago has embarked upon setting a robust and prudent development agenda to successfully navigate the country back to socio economic prosperity. Through the adoption of a comprehensive national development planning framework, this National Development Strategy (NDS) 2016-2030, Vision 2030, will lay the foundation and pathway for attaining developed country status by the year 2030,” the Minister of Planning and Development Camille R. Robinson-Regis M.P. said in the release of the Vision 2030 plan.
— Heard on the Street: A Venezuelan oil expert in Caracas says the OPEC country in the early mths of 2022 is importing around 60,000 b/d of condensate from Iran and that total oil production is between 650,000-720,000 b/d. State oil co. PDVSA is only refining between 100,000-150,000 b/d while its total exports are around 500,000 b/d (450,000 b/d to China and 50,000 b/d to Cuba). Russia’s invasion of Ukraine could see China increase its purchases of Russian oil and reduce Venezuela’s mkt shr and force the country to offer larger discounts. Likewise, a deal between Iran and the US could see the Middle Eastern producer stopping its deals to send Venezuela condensate, the expert revealed 24 Mar. 2022.
By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.