May 2016 Financial News

T&T signs energy agreement with Ghana

May 16, 2016

As long as there is gas to be processed, T&T is interested in Ghana's oil and gas sector. Prime Minister Dr Keith Rowley, who ended an official visit to Ghana on Wednesday, said this country is ready to get involved in Ghana’s energy sector.

“But we certainly have an interest like that in other plants that we build, that the national gas company in Trinidad and Tobago would want to be involved in that,” he said.

Dr Rowley said in recent times T&T been exploring ways of collaborating with Ghana to develop that country's gas resources.

During a visit to the Atuabo Gas Plant with President Mahama, Dr Rowley said: “The gas pipeline is something that will serve Ghana immediately. Trinidad and Tobago is in a position to provide the technical and other expertise immediately.

“We are small and we have limited resources but in the areas where we have resources (we have) a 100 years or more experience and experienced personnel. We can bring that to bear and on these projects immediately.

“You are larger in Ghana and you have the resource base, but in terms of dealing with some of the third parties, you are in your infancy… so, there is a tremendous benefit if we do these things together.”

Before the T&T delegation left Ghana to participate in an anti-corruption summit in the UK, the two countries signed agreements for general co-operation and oil and gas.

During his Ghana visit, Dr Rowley also officially commissioned a refurbished Ridge branch of HFC Bank which is majority owned by Republic Financial Holdings Limited (RFHL).

Speaking at the brief ceremony, Dr Rowley commended the bank for it efforts and urged staff to give off their best. Managing Director of HFC Bank, Robert Le Hunte assured customers of continued quality customer service.

“We will continue to upgrade our infrastructure. It’s all in the bid to serve our customers better. While doing this, we will also raise the standard of excellence in customer service by giving each customer the best available experience when they visit any of our branches nationwide,” he said.

After the cutting of the tape, a plaque was unveiled in honour of Prime Minister Rowley. RFHL became the majority shareholder in HFC Bank last year with a 57.11 per cent equity stake.

Source:
Trinidad Guardian
Saturday May 14, 2016

http://www.guardian.co.tt/business/2016-05-14/tt%E2%80%88signs-energy-agreement-ghana