Petrotrin 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.