Home' Trinidad and Tobago Guardian : September 29th 2014 Contents A23
• Twitter: @GuardianTT • Web: guardian.co.tt
• Shortness of breath
• Sweating or clammy skin
• Heaviness, tightness or any discomfort/pain in your chest
• Pain or heaviness in the arms, pain in the shoulders, neck,
jaw, back or stomach
of a Heart Attack
MADRID---Spain expects a six-year
run of job destruction will end next
year, when it predicts 622,000 jobs
to be created.
The government Friday also re-
vised its 2014 economy growth
forecast upward one decimal point
to 1.3 per cent and raised the figure
for 2015 from 1.8 per cent to 2 per
Economy Minister Luis de Guin-
dos said the government hopes the
recovering economy will reduce the
unemployment rate from a current
24.5 per cent to 24.2 this year and to
22.2 per cent by the end of 2015.
That would mean some 5 million
would still be jobless, roughly the
same number as when the Popular
Party took office late 2011.
Spain fell into the first of two re-
cessions in the second half of 2008.
It emerged from the second slump
late 2013. (AP)
Spain hopes to create 622,000 jobs by end of 2015
The Port of Galeota, which opened ear-
lier this month, has a strategic role in
protecting the country s energy installa-
tions against terrorist attacks and other
security risks, Energy Minister Kevin
Ramnarine said yesterday.
In an address at the American Chamber
of Commerce of T&T s (AmchamTT) HSSE
Conference and Exhibition at the Hyatt
Regency in Port-of-Spain, he said the
US$85 million facility, the first new port
in T&T in 17 years, provides the Coast
Guard with a dedicated berth and presence
on Trinidad s east coast.
"This will aid in allowing the Coast
Guard to protect our energy installations
off the east coast as well as aid in response
to accident and emergency search and res-
cue," he said.
Earlier in his address, in acknowledging
the importance of the Amcham event,
Ramnarine told conference participants:
"Given what is happening in the world
today with the proliferation of terrorism
we must work together to secure our facil-
ities and our people."
The minister said HSSE was critical in
T&T s energy sector where personnel oper-
ate "with high pressures, high temperatures,
at heights, with rotating equipment and in
a sometime difficult offshore environment."
"Underpinning the almost 780,000 barrels
of oil equivalent of production is four LNG
trains, one refinery, eleven ammonia plants,
seven methanol plants, two direct reduced
iron plants, six power plants and thousands
of kilometres of pipeline . . . underlining all
that is the philosophy of health, safety, secu-
rity and the environment," he said
He predicted that 2015 will be one of the
busiest years on record for T&T s oil and gas
sector. He said the anticipated high level
of activity will be the result of the 12
production sharing contracts signed by
the Energy Ministry in the last four years
and the return of investor confidence.
Ramnarine said three land licenses and
two more deepwater production sharing
contracts will be signed shortly.
"In 2015 Petrotrin will complete the
South West Soldado project. This is a
huge undertaking from both the engi-
neering and the safety perspective," he
"Once completed it will bring online
approximately 6,000 barrels of incre-
mental oil production per day. Already,
we are seeing signs of a recovery in
national oil production; I caveat that by
saying it requires constant investment.
"oil production has been stabilised
and has been around 81,000 barrels of
oil per day (bopd) for the last three years.
With South West Soldado fully online
we could head back to above 90,000
bopd by the end of 2015."
Ramnarine said with the production
sharing contracts and other commit-
ments some 53 exploration wells will be
drilled during the remainder of the
decade. He added that foreign direct
investment in the energy sector for the period
2011 to 2013 is three times what it was for
2008 to 2010.
Ramnarine at HSSE conference:
Galeota port to protect oil facilities
Energy Minister Kevin Ramnarine, second from right, greets exhibitors at one of the booths at the
AmchamTT HSSE Conference at the Hyatt Regency, Port-of-Spain, yesterday. At right is Amcham CEO
Links Archive September 28th 2014 September 30th 2014 Navigation Previous Page Next Page