TRINIDAD-ENERGY-Trinidad says old ways of bidding for oil exploration are over.

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rence. It has attracted several speakers, including Guyana’s President, Dr. Irfan Ali. Caribbean Community (CARICOM) Secretary General Dr. Carla Barnett; and regional and internal energy experts.

“Days of old where you have a bid round, and it is just ticking the boxes, in my view, and I think the government supports that view, those days are over. So you have seen the bid rounds go out, we are about to go out with another one at the end of this quarter, and we are here, and we are ready to sit with everyone,” Young said, adding, “we are screaming that we need to do more to get the oil out of the ground.”

Young said the government is ready to negotiate, “and we are here, the government is prepared, we have shown that we are willing to do business, listen, and work with our stakeholders.

“I am determined that we keep that mandate to the benefit of the people of Trinidad and Tobago, and as we have shown with all of the various agreements we have negotiated over the last four or five years, there is always a sweet spot that meets that mutually beneficial position for the people of Trinidad and Tobago as well as the relevant stakeholder.”

Young said he has no fear that Trinidad and Tobago’s relationship with stakeholders will continue due to the new policy, adding, “we have seen the tangible results of working relationships we have with stakeholders.

“So I have no fear that that will continue,” he said, telling the conference that it is essential for all stakeholders to recognize “we have to take the decisions now.

“We are competing globally. Regionally we are stronger if we are all pushing in the same direction. We have the opportunity to continue to be leaders globally in energy security and sustainability,” Young said, urging Trinidad and Tobago, Guyana, Suriname, and other regional oil producers to work together.

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