(Trinidad Express) Oil production in the country has fallen by close to 50 per cent in the past seven years, Finance Minister Larry Howai said on Wednesday.
Howai made the statement as the Finance Bill 2013 was debated in the Senate, Tower D, International Waterfront Centre in Port of Spain.
Howai said the energy sector accounts for 40 per cent of the country’s Gross Domestic Product (GDP) and provides as much as 80 per cent of foreign exchange earnings.
