Trinidad Tobago is diversified, based to a large extent on oil, natural gas, industry and agriculture. It is one of the leading gas-based export centres in the world, being the leading exporter of ammonia and methanol and among the top five exporters of liquefied natural gas. This has allowed Trinidad to capitalise on the biggest mineral reserves within its territories. It is an oil-rich country and stable economically. The Venezuela Tertiary Basin is a subsidence basin formed between the Caribbean and South American plates, and is bounded on the north by the coast ranges of Venezuela and the Northern Range of
Senate (Trinidad and Tobago) Senate (Trinidad and Tobago) The Senate is the appointed upper house of the bicameral Parliament of Trinidad and Tobago. The Senate currently sits at Tower D, International Waterfront Centre in Port of Spain as the traditional seat, the Red House is undergoing restoration. The Senate has 31 members all appointed by the President: 16 Government Senators appointed on the advice of the Prime Minister, 6 Opposition Senators appointed on the advice of the Leader of the Opposition and 9 Independent Senators appointed in the discretion of the President from outstanding persons who represent other sectors of civil society. The presiding