US$4b investment for La Brea

(Trinidad Guardian) The Government is proposing a billion-dollar synthetic crude oil (syncrude) plant in La Brea as a boost to the energy sector. Establishing a downstream industry at the plant to generate revenue for the economy also forms part of the plans which were unveiled to Energy Minister Kevin Ramnarine by The Reliance Group on July 6, at the Inter-national Financial Centre, Port-of-Spain. Ramnarine and Reliance met to discuss the proposed investment to take the energy sector forward. Reliance has the largest refinery in the world, named Jamnagar in the state of Gujarat. Ramnarine said if things went according to plan,