News and Articles

The Intersection of Energy Prices, Production and Fiscal Change on T&T’s Energy Revenue

The recent military tension between Iran and the United States has triggered not only global security concerns but also given a temporary boost to oil and gas prices. For Trinidad and Tobago, this minor spur in prices is welcome news. However, it should also propel us to mull over our current and future economic fortunes. […]

Guyana’s First EITI Report Highlights Both Innovations and Need for Structured Reform

By Sherwin Long – Head, TTEITI Secretariat   By early 2020, ExxonMobil will begin producing oil from its Liza Phase 1 development in Guyana and exactly how revenue from the project will transform the country has garnered much regional and international interest. The changes could be astounding. Guyana’s GDP is expected to more than double […]

TTEITI attends First Regional Forum on the Extractive Sector in USA

    On April 23-24, the Trinidad and Tobago Extractive Industries Initiative (TTEITI) representatives participated in a forum to “Strengthen Transparency and Good Governance in the Extractive Sector in Latin America and the Caribbean (LAC)”, in Washington DC. This first Regional Forum was a joint collaboration of the Inter-American Development Bank (IDB), the Natural Resource […]

Combatting Secret Company Ownership in T&T- a Keynote Address by Attorney General Faris Al-Rawi

Sex trafficking, murders and fatal road accidents seem to dominate the nation’s airwaves, social media posts and steal the front pages of newspapers. Yet another glaring national danger that seldom features in public conversations is that of secret company ownership. Before you think that this seemingly nebulous issue does not affect citizens in the same […]

Press Release: EU partners with TTTI and TTEITI in Campaign to Increase Transparency in the Extractive Sectors

  Port of Spain, January 31, 2019:  The European Union announced that it has provided funding to the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) and the Trinidad and Tobago Transparency Institute (TTTI) to implement a 12-month national public awareness and sensitization campaign on Beneficial Ownership Disclosure (BOD).  The campaign is to assist Trinidad […]

EITI Report Provides Data on Petrotrin

The decision to close the Petrotrin refinery has dominated discussion on social media, traditional media as well as in the privacy of our homes. This decision is not only a financial issue but also an emotional one. Petrotrin’s workers and their families worry about making ends meet, the driving public are uneasy about the impacts […]

Party in Paradise? : What the increase in the oil price means for T&T

  By Nazera Abdul-Haqq – Policy Coordinator, TTEITI Secretariat   In Trinidad and Tobago, the haves and the have-nots both have one thing in common – they are concerned about the price of oil. In early May, citizens welcomed Minister Imbert’s announcement of the hike in the West Texas Intermediate (WTI) oil price from roughly […]

Improving revenue collection in the extractive sector

Given fluctuating oil and gas prices and local gas supply not meeting demand, the Government has been trying to find unique ways to earn more extractive sector revenues. The recently released T&T EITI Report 2016 offers a series of recommendations that if implemented, can fix the country’s systems and in turn add money to the […]

Should we be earning more from mining?

  The Mining sector is a major player often excluded from the extractive sector conversation and whereas oil and gas prices have been fluctuating over the past few years leading to decreased government revenue, the revenues from the mining sector are not being fully captured. For the second time since implementation of the initiative in […]


The Minister of Energy and Energy Industries (MEEI), Senator the Honourable Franklin Khan, received the fifth Extractive Industries Transparency Initiative (EITI) Report from Trinidad and Tobago EITI Steering Committee Chair, Victor Hart, on Friday 11th May 2018. Present at the Launch were other Government officials, Members of the Diplomatic Corps, heads of energy companies, civil […]

Press Release: EITI/ UWI Renew Collaboration

The University of the West Indies (UWI), St. Augustine Campus, and the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) Steering Committee signed a second Memorandum of Understanding (MOU) to renew their collaboration in promoting best practice in natural resources management in Trinidad and Tobago and the wider Caribbean. Pro Vice-Chancellor and Campus Principal Professor […]

TTEITI and British High Commission to Promote "Strengthening CARICOM Energy Collaboration" in Regional Symposium

In the past decade, the global energy sector has had several tremors. The United States’ shale revolution has led to a global glut of oil and gas causing a sharp decline in energy commodity prices.   This development has had significant ramifications for the entire Caricom Region and, as the region’s leading energy exporter, Trinidad and […]

Tracking Energy Sector Revenue in a Recession

As a country historically dependent on its energy sector for growth, Trinidad and Tobago will definitely require revenue from the sector to finance any of our short, medium and long term ambitions. A decision to develop road infrastructure projects or even finance our entry into new industries like maritime services would be influenced in some […]

EITI and Caricom Energy Sector Collaboration

By Victor Hart, Chair TTEITI Steering Committee, Member EITI International Board.   Introduction Last week, The Energy Chamber hosted another successful annual Energy Conference. The theme was ‘Maximising value through collaboration’ and in  attendance were industry and government representatives, executives and thought leaders from across the local and regional energy sectors and academia.   The […]

Champagne History, Mauby Reality: Adjusting to the New Normal

  The New Year is normally a time for both reflection and renewal. The current state of the Trinidad and Tobago economy should force us to look back at similar periods in our history, as well as think of new ways to address our challenges.  It is no secret the country is grappling with a […]

TTEITI Team to Attend Regional EITI Training in the Dominican Republic

    Members of the TTEITI Steering Committee and Secretariat will be attending the annual Regional training for EITI countries in the Caribbean and Latin America from Tuesday, November 28 to Thursday, November 30 in the Dominican Republic.   The workshop, which is under the theme “Building Capacity for Impactful Implementation” will bring together representatives […]

EITI Fostering Regional Integration

  By Diandra Grandison Project Officer, TTEITI Secretariat   Recently, many Caribbean countries have been assessing their hydrocarbon resources and have, with the assistance of foreign investors, spent or have ambitions to spend millions of dollars towards the exploration of oil and gas reserves in their respective countries.  The Extractive Industries Transparency Initiative (EITI) implementation […]

Mining for Transparency in this Guava Season: Engaging Quarry Operators in the EITI

  By Nazera Abdul-Haqq Policy Coordinator, TTEITI Secretariat   As Trinidad and Tobago weathers this guava and rainy season, the country is looking for every cent and environmental issues, such as severe flooding, seem all the more relevant. With this in mind, would it make sense to keep a focused gaze on an industry that […]

Press Release: Guyana Accepted Into Extractive Industries Transparency Initiative (EITI) Global Movement

The Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) Steering Committee congratulates the Government and people of Guyana after the country was officially accepted as a member of the Extractive Industries Transparency Initiative (EITI) today at the 38th EITI Board meeting in the Philippines. The EITI is the global gold standard for resource revenue transparency […]

EITI and Sustainable Development Goals

  By Gabrielle Rawlins, CSO Liaison and Communications Officer, TTEITI Secretariat   Introduction The term ‘sustainability’ has become a catch phrase to capture everything from conservation to effective management of resources. But, sustainability is broader than these concepts. In its attempt to create a global target for sustainable development, the United Nations (UN) in 2000 […]

Press Release: "Fake Oil Scandal" and the EITI

“Fake Oil Scandal” and the EITI   Press Release The recent public outcry over the alleged ‘fake oil scandal’ has raised serious questions about how well the country captures information on its oil and gas production and its resulting revenues. As an agency that independently reconciles energy sector production and revenue data, the Trinidad and Tobago […]

EITI is unmasking oil and gas production discrepancies

How well does Trinidad and Tobago monitor its oil and gas production? The recent “fake oil” allegations at Petrotrin has helped focus public discussion on this often overlooked national issue. There are billion dollar ramifications if the country does not correctly quantify its oil and gas production, particularly in the current environment of low global […]

Press Release: Stakeholders Join Together to Promote Natural Resources Revenue Transparency and Accountability at the TTEITI MOU Commitment Ceremony

Stakeholders Join Together to Promote Natural Resources Revenue Transparency and Accountability at the TTEITI Commitment Ceremony    Press Release On Thursday September 7 2017, the Government, leaders of extractive companies and of civil society organizations, joined to commit to the signing of a Memorandum of Understanding (MOU). The signing of the MOU will commence the preparation […]

Press Release: TTEITI Capacity Building Workshop

TTEITI Capacity Building Workshop   Press Release The Trinidad and Tobago Extractive Industries Transparency Initative (TEITI) will be hosting a workshop In collaboration with the British High Commission (BHC) to promote transparency, accountability and improved natural resources management in Barbados’ Extractive Sector.


by Nazera Abdul-Haqq, Policy Coordinator, TTEITI Secretariat.    Background In Trinidad and Tobago the issue of Petrotrin’s future is a burning national issue and different interest groups have divergent perspectives on how to reform this company. The Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) sought the diverse perspectives of these stakeholders in an attempt […]

Open Data Portal Provides Gateway for Energy Sector Disclosure  

By Gabrielle Rawlins CSO Liaison and Communications Officer Knowledge is power. This adage is one that resonates globally, especially with the ease with which we have access to data and information. Due to the explosion of the internet, information on a range of topics can be easily accessed. Knowledge on a topic can be gleaned […]

Trinidad and Tobago ranks on the 2017 Resource Governance Index

By Renuka N. Kangal, Project Coordinator, TTEITI Secretariat (Business Guardian Article, Thursday 6th July, 2017) International investors have many different options about where they can place their investment dollars, so it is important for Trinidad and Tobago to benchmark our economy against other global economies.  Benchmarking exercises not only help us determine how we are […]

Press Release: 2017 Revenue Governance Index

2017 Revenue Governance Index   Press Release  Trinidad and Tobago scored 64 out of 100 points in the 2017 Resource Governance Index and ranked 14th out of the 89 assessments undertaken for the 81 countries surveyed. Trinidad and Tobago scored relatively high for publishing timely, regular reports on oil and gas production, prices and exports […]

Increased Petroleum Activity and National Prosperity

By Renuka N. Kangal, Project Coordinator, TTEITI Secretariat (Business Guardian Article, Thursday 22nd June, 2017) Trinidad and Tobago has enjoyed a relatively long history of hydrocarbon activity that it has leveraged as a key contributor to its growth and development. The successes from this sector can be largely attributed to deliberate strategy and policy decisions […]

Civil Society’s Overlooked role in Natural Resource Governance

By Gabrielle Rawlins, CSO Liaison and Communications Officer, TTEITI Secretariat Often times, the average citizens of a country are not aware of the amount of power they possess in the creation of policy beyond the right to vote in either a local or general election. But, in fact, civil society is one of the major […]

Will Contract Transparency Be Beneficial For T&T?

By Sherwin Long, Head, TTEITI Secretariat The terms and conditions of a contract between the State and oil, gas or mining companies can tell a gripping and compelling story. These terms and conditions outline the both parties’ revenue expectations, their obligations in case of an environmental disaster and can help reinforce the State’s policy on […]

EITI Findings Validated by Auditor General’s Report

By Sherwin Long, Head, TTEITI Secretariat Both the latest EITI and Auditor General Reports point to the need for long term reform in the way that the operations of the oil, gas and mining sectors are monitored in Trinidad and Tobago. Poor revenue controls, unlicensed mining operations and the failure of state-owned energy enterprises to […]

Secret Company Ownership: TTEITI Tackles the Eat-ah-Food Mentality

By Nazera Abdul-Haqq, Policy Coordinator, TTEITI Secretariat Imagine your reaction if you heard that a person holding public office was found to have fraudulently acquired oil, gas or mining contracts by using the name of a company that he or she secretly owns? Or, what if tomorrow’s newspaper headlines read: “Businessman found financing $TT 6 […]

Credit Ratings and the Trinidad and Tobago Economy

By Renuka Kangal, Project Coordinator, TTEITI Secretariat (Business Guardian Article, Thursday 13th April, 2017) In the simplest definition, credit ratings are a measure of risk and indicate the credit worthiness of a given entity. It seeks to convey the level of confidence that an investor or creditor would have in a debtor, whether an individual, […]

PM Rowley and EITI on same page

By Victor Hart, Chair TTEITI Steering Committee and EITI Board Member. Introduction For the past three years, the EITI International Board has advocated disclosure of the names of the beneficial owners of oil, gas and mining companies as a further step towards achieving transparency and accountability in the extractive industries. In February 2016, at the […]

TTEITI Takes Energy Sector Transparency Message to Tobago

The Trinidad and Tobago Extractive Industries Transparency Initiative Steering Committee hosted an outreach event in Tobago at the Magdalena Grand on June 28 to spread awareness on issues related to future energy sector projects for Trinidad and Tobago, plans to identify beneficial owners of companies and practical uses of EITI data. Several speakers shared their […]

EITI captures critical Heritage and Stabilisation Fund data

Trinidad and Tobago’s move to create a Heritage and Stabilisation Fund was driven by the need to provide a cushion to stabilise the economy in times of low energy commodity prices and to provide a vehicle to ensure future generations benefitted from present day energy resource wealth. Government’s recent decision to withdraw $2.5 billion from […]

EITI Midstream & Downstream Revenue

Introduction Notwithstanding Trinidad and Tobago’s small size, our energy sector is widely recognized as being unique in several important ways because of our pioneering initiatives and innovations introduced over the years. Historians remind us that the beginning of T&T’s energy sector dates back to the discovery of the Pitch Lake by Sir Walter Raleigh in […]

EITI and Anti-Corruption Summit 2016

By Victor Hart, Chair TTEITI Steering Committee and International EITI Board Member Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, was among world leaders who addressed the game-changing Anti-Corruption Summit 2016 in London on 12 May.  He pledged this country’s commitment to prosecuting those engaged in acts of corruption, to recovering assets unlawfully gained from […]

EITI & The Panama Papers

In recent days, the headlines of the foreign and local mainstream and social media got a reprieve from terrorist attacks by the breaking news of ‘the Panama Papers’ that overnight turned the Panamanian law firm ‘Mossack Fonseca’ into a household name. Approximately 11.5 million documents were leaked that revealed that the firm had registered annually […]

EITI Transparency in Commodity Trading

The Trafigura Group, one of the world’s leading energy commodity trading companies, has committed to the Extractive Industries Transparency Initiative (EITI) Principles and started publicly disclosing its payments to state energy companies. In 2014, the company formally declared its support of the EITI and issued a ‘Policy on Payments to Governments’ document which was endorsed […]

EITI Legislation?

Introduction Trinidad and Tobago has been a member of the Extractive Industries Transparency Initiative (EITI) since 2011 and this year was elevated to Compliant Country status. Implementation of the initiative in T&T over five years has exposed certain impediments to the EITI revenue collection and reporting processes and the question is now being asked as […]

T&T’s Mining Sector: A Brighter Future

By Sherwin Long, Head TTEITI Secretariat and Garik Joseph, Project Officer, TTEITI Secretariat. The Minerals (General) Regulations 2015 document laid in Parliament in June 2015 has not garnered much column space or airtime, having slipped under the radar at a time when the Tenth Parliament was winding down and the country was anticipating the announcement […]

Using the EITI to Attract Investment

Before oil and gas investors decide to bankroll projects in a country they usually take a piercing look at the prospective country’s fiscal terms, general taxation regime, cost of regulatory compliance, political stability as well as existing initiatives to promote transparency and sound corporate governance. For countries seeking to woo investors, participating in the Extractive […]