Trinidad and Tobago ramps up crude oil production

Trinidad and Tobago says it is taking steps to increase crude oil production in an effort to balance its energy portfolio.Energy Minister Conrad Enill said the twin-island nation has become too reliant on natural gas and too vulnerable during times of weak gas prices.Over the last 15 years, Enill said, the country placed too much emphasis on gas production with the construction of four LNG trains and several downstream plants. This has occurred while crude production continued to fall.Enill said, "We recognize that oil production has been on the decline and the country has become gas-based, however, we would like to encourage a mix that is more balanced."He said the country's st...

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