Trinidad Approves New Positive Fiscal Incentives

Source: www.gulfoilandgas.com 6/17/2014, Location: South America

Range confirmed that, further to announcement of 16 September 2013, the Government of Trinidad and Tobago has approved and adopted the proposed budget incentives for oil and gas companies introduced by the Minister of Finance and Economy of Trinidad and Tobago in the 2014 Budget Statement. These newly proposed budget incentives, which especially reward companies with accelerated development and exploration programmes including Range, are expected to have a significant positive impact on the Company’s cash flows and returns from its ongoing production growth. These changes will be effective retrospectively from January 1, 2014.

Commenting on announcement, Rory Scott Russell, CEO, said:

“Range is fully committed to growing its business in Trinidad and we are therefore delighted with the ratification of these new positive fiscal incentives. Operating in a favourable economic environment will bring significant benefits to the Company as we continue to increase production and unlock value from our core development assets in Trinidad.”


India >>  11/11/2024 - - TDK Ventures’ India presence seeks to identify and scale the impact of the country’s extraordinary entrepreneurs and help accelerate their vision fo...
Italy >>  11/11/2024 - Eni, Plenitude and Energy Infrastructure Partners (EIP) signed the agreement to further increase EIP’s share in Plenitude through a capital increase o...

Mexico >>  11/8/2024 - - British companies reaffirm their interest in investing in Mexico’s energy sector, highlighting public-private collaboration as a driver of economic ...
Saudi Arabia >>  11/7/2024 - King Salman Energy Park (SPARK), a leading industrial ecosystem, signed five letters of intent with prominent sector players at ADIPEC 2024 – the worl...

United States >>  11/7/2024 - Volvo Penta announced a follow-on investment in UtilityInnovation Group (UIG), a USA and Ireland based company specializing in resilient, innovative u...
Unknown >>  11/6/2024 - The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support for green economy investments in...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.