Trinidad and Tobago in talks with Indian Oil to revive refinery

Core Viewpoint - Trinidad and Tobago is negotiating with Indian Oil Corp to restart the Guaracara oil refinery, which has a capacity of 165,000 barrels per day, as part of efforts to revitalize the country's energy sector [1] Group 1: Company Developments - The Guaracara oil refinery has been mothballed, indicating a period of inactivity that the government aims to reverse through this partnership with Indian Oil Corp [1] - Energy Minister Roodal Moonilal is leading the discussions, highlighting the government's proactive approach to enhance oil production and refine capabilities [1] Group 2: Industry Context - The initiative to restart the refinery aligns with Trinidad and Tobago's broader strategy to revitalize its energy sector, which is crucial for the country's economic stability [1] - Collaborations with international oil companies like Indian Oil Corp may signal a trend towards increased foreign investment in the Caribbean energy market [1]