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Petrotrin the solution to forex decline - Trinidad and Tobago Newsday
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Petrotrin the solution to forex decline - Trinidad and Tobago Newsday
THE EDITOR: The reliance on imports, especially in energy and consumer goods, is draining our foreign exchange (forex) reserves and fuelling inflation. Heritage Petroleum, as a 90 per cent importer, mainly sourcing crude from Chevron, is currently spending as much on imports as Petrotrin used to earn in forex, creating a cycle of dependency rather than sustainability. This pattern affects not just the energy sector but ripples through the entire…
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