Performance under Trinidad’s State Enterprises Investment Programme has remained fairly steady over the years against the ebbs and flows of the international economic landscape.

Total investment in fixed capital by the State Enterprises sector for 2024 is projected to be just over
$4,200 million. Of that sum, approximately 80 percent is expected to be incurred between the period April to September 2024, albeit the tendency for optimism in projections for this period. Driving the total projection for 2024 is expenditure in the Energy sector, in the vicinity of $1,600 million. Heritage Petroleum Company Limited takes the credit for accounting for the largest share of that sum, amounting to some $1,153 million from retained earnings, mainly on land and drilling projects. At a distant second in the Energy sector The National Gas Company of Trinidad and Tobago Limited, projects expenditure of almost $234 million from retained earnings by the end of fiscal year 2024, 45 percent of which will be concentrated on the Beachfield Manatee Upgrade.