Petroleum Company of Trinidad and Tobago Limited or Petrotrin was founded in January of 1993. Through the combination of two state-owned organizations, namely Trintopec and Trintoc, the company was given access to operate as one of the nation’s primary oil and gas concerns. In 2000, a third company known as Trinmar Ltd was also merged into the mix, forming what is today known as the modern version of Petrotrin.
Altogether, the new company holds the oil and gas assets of all its predecessors, which includes, but in not limited to, the following companies: United British Oilfields of Trinidad (UBOT), Trinidad Leaseholds Limited), Shell Oil of Trinidad, Trinidad Tesoro Oil and Texaco operations that were taken over by the state.
While Petrotrin holds the rights to oil land that includes marine acreage across southern Trinidad, the company put much of its operational focus on its single oil refinery. The refinery is located around the city of Pointe-à-Pierre, Trinidad. It produces 48,047 barrels per day (7,638.9 m3/d) from a total capacity of 190 thousand barrels per day (30,000 m3/d), which means it only operates at 25% of its capacity. From its refinery, the company produces a number of gasoline products such as unleaded motor gasoline, liquid petroleum gases, diesel/heating oil, and aviation gasoline.
One of the reasons for the low per day output is the company’s commitment to the local environment. In fact, the refinery sits right next to a major wildlife park, which provides a home to numerous endangered species.
The company limit its own oil exploration and drilling, instead seeking to outsource said activities to foreign oil and gas concerns through joint ventures, lease contracts and farm-outs from which the company receives royalties.
Petrotrin’s headquarters is located Pointe-a-Pierre, Trinidad and Tobago where 4,300 employees operate under the leadership of Andrew Jupiter (Chairman).