(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.
RELATED STORY: IDB Approves New Country Strategy for Trinidad and Tobago on Digital Transformation
Venezuela
— 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.
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By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.
