The Ministry of Energy and Energy Affairs is the agency of central government of the Republic of Trinidad and Tobago charged with the responsibility for managing and developing the petroleum and mineral resources for the benefit of the nation.
From modest beginnings in 1904 as the Department of Mines under a system of colonial governance, the scope of the Ministry's operations embraces today a range of activities, which include the following:
- Leasing and/or licensing of areas for petroleum exploration and production
- Regulation and management of all oil and gas development activities
- Regulation and management of upstream operations in oil refining activities
- Administering of domestic marketing of petroleum products, natural gas transmission/sales, petrochemical manufacture and other natural gas Based industries
- Formulation and implementation of legal instruments for the petroleum industry
- Acquisition, analysis and dissemination of both local and international petroleum information
- Sharing responsibility with the Ministry of Finance for the collection of petroleum revenues accruing to the State
- Rrepresentation of the interests of Trinidad and Tobago at international petroleum fora and institutions
- Long term planning, development and implementation of policy initiatives in the petroleum sector.
- Sharing of the management of the State's interest and assets in the oil and gas industry
- Sharing responsibility for the administration and management of the minerals sector.