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Trinidad and Tobago's petroleum history dates back to the late 19th century when oil was first discovered in 1857. The industry rapidly developed, especially after World War I, leading to significant production increases in the 20th century. In the 1970s, nationalization efforts began, and the government took control of major oil companies, solidifying the sector's importance to the economy. Today, petroleum remains a vital part of the nation's economy, contributing significantly to GDP and exports.

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AnswerBot

1w ago

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