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    Petrotrin Has Discovered 48 Million Barrels of Crude Oil

    Investing News Network
    Mar. 30, 2012 08:20PM PST
    Oil and Gas Investing

    Bloomberg reported that Petrotrin, Trinidad’s state-owned petroleum company, has discovered 48 million barrels of crude oil.

    Bloomberg reported that Petrotrin, Trinidad’s state-owned petroleum company, has discovered 48 million barrels of crude oil.

    As quoted in the market news:

    Petrotrin President Designate Khalid Hassanali said late Thursday that it is the company’s biggest discovery in a decade. He said the crude oil is located in 60 feet (18 meters) of water and described it as a combination of light and heavy oil.

    Click here to read the full Bloomberg report.

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