Kevin Ramnarine

Kevin Ramnarine is a former Minister of Energy and Energy Affairs of Trinidad and Tobago from June 2011 to September 2015. From May 2010 to June 2011, he served as Parliamentary Secretary in the Ministry of Energy and Energy Affairs of Trinidad and Tobago. He was a member of the tenth Republican Parliament of Trinidad and Tobago.

During his tenure as Minister , he was credited with opening up Trinidad and Tobago’s deepwater acreage to exploration. In total nine deepwater “production sharing contracts” (PSC’s) were signed with BHP Billiton and its partners. Arising out of these nine contracts BHP Billiton conducted the largest ever 3D seismic survey conducted by an International Oil Company in the history of the oil industry.[1]. This seismic survey covered 20,1999 square kilometers of the deepwater province of Trinidad and Tobago. In total, he has signed twenty-three PSC’s and E&P licenses which is record for a single Minister. Among these PSC's and Licenses included three land blocks, St Mary's, Rio Claro and Ortiore.

As Minister, he presided over a four-fold increase in petroleum related Foreign Direct Investment from $US 501 million in 2010 to $US 1.9 billion in 2014. This was related to a number of fiscal incentives that were legislated by the Government of Trinidad and Tobago between 2011 and 2014.

During his Ministerial tenure he guided Trinidad and Tobago from candidate status with the Extractive Industries Transparency Initiative (EITI) to country compliant status in 2015.

He also oversaw the first energy related initial public offering (IPO) in the history of Trinidad and Tobago. The TTNGL (Phoenix Park) IPO went on to become the largest IPO in the history of the Trinidad and Tobago Stock Exchange.[2]

Prior to being appointed Energy Minister, he held positions in the Energy Chamber and at BG T&T where he worked as the Lead Economist for the East Coast Marine Area. He holds a B.Sc. degree in Chemistry, a M.Sc. degree in Petroleum Engineering and an MBA. He is also a Member of the Society of Petroleum Engineers (SPE).

He is currently a lecturer at the Arthur Lok Jack Graduate School of Business, University of the West Indies. In 2016 he was made a distinguished affiliated scholar with the University of Texas at Austin.[3] He also writes a weekly column in the Trinidad and Tobago Guardian newspaper that focuses on economic and energy issues. In recent years he has spoken and written on the emerging oil economy of Guyana.

For his contribution to the development of the Trinidad and Tobago energy sector he received the award of “Energy Executive of the Year” from Petroleum Economist magazine in 2014.[4]

References

  1. ↑ http://www.maritime-executive.com/article/bhp-billiton-names-big-three-drilling-targets
  2. ↑ "NGC IPO officially launched | Loop News Trinidad and Tobago". Looptt.com. 2015-08-10. Retrieved 2017-02-28.
  3. ↑ Kevin Ramnarine. "KBH Energy Center | Kevin Ramnarine". Kbhenergycenter.utexas.edu. Retrieved 2017-02-28.
  4. ↑ Featured (2014-09-18). "Minister of Energy and Energy Affairs awarded "Energy Executive of the Year" | Trinidad and Tobago Government News". News.gov.tt. Retrieved 2017-02-28.
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