The National Petroleum Marketing Company, better known by its brand name National Petroleum (NP), is a state-owned refined petroleum distribution and marketing company owned by the government of Trinidad and Tobago. From its inception in 1972 until 1999, NP was the sole government-authorized distributor of gasoline, diesel fuel, and other consumer refined petroleum products in the island nation. The company has since expanded into lubricants, liquified petroleum gas, aviation fuel, and bunker fuel. In 1969, the government of Trinidad and Tobago (T&T) formed a joint venture, Trinidad Tesoro, with Tesoro Corporation to purchase the assets of BP Caribbean, which was shutting down its operations in the region. The Petroleum Product Act of 1969 made Trinidad Tesoro the only wholesale gasoline and diesel fuel supplier in T&T. In 1972, Trinidad Tesoro's retail filling station network was turned over to a newly created government-owned corporation, National Petroleum. The following year, NP purchased half of the assets of Esso in T&T. It acquired the marketing and distribution assets of the Trinidad and Tobago Oil Company (formerly Shell Trinidad) in August 1974, and became the sole government authorized distributor of refined petroleum in the country in 1976. It bought the assets of Texaco Trinidad in 1977, adding to its distribution network. (Tesoro's interest in the retail filling stations was purchased by the government in 1986.) More information...
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