Functions of The Ministry of Energy and Energy Industries

The Ministry operates a range of activities including:

• 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
• Administration 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
• Representation 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 interests and assets in the oil and gas industry
• Sharing responsibility for the administration and management of the minerals sector.