Trinidadian state firm in U.S. retail marketing venture

04/12/1999
Petrotrin, Trinidad and Tobago's national oil company, has agreed to set up a joint venture with U. S. partners to build a series of full-service truck stops in the U.S. and to market its high-value refined products directly through gasoline/diesel stations to be located at the stops. The plan calls for Petrotrin and a group of U.S. private investors to build 33 "travel plazas" in different parts of the U.S., starting in Florida and Texas, catering mostly to semi-trailer trucks. T&T North America, the joint venture set up by Petrotrin and its U.S. partners, expects to spend about $500 million on the venture, according to Fernando Dalmau, one of the U.S. investors in the pr...
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