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RBphoto wrote:Can we cut the gas subsidy now?
Ainsley Gill - serial opportunist (when PNM in power)airuma wrote:So a search on google reveals that NiQuan Energy has no projects other than NiQuan GTL.
The board members (5) are:
Larry Felix
Alison Lewis
Ainsley Gill
David Dhanoo
Don Rogers
The team members include an additional 5 members:
Eberhard Lucke
Senator David Small
Roshan Rodriguez (a female)
Malcom Wells
Roy Burnette
They seem to be a new company and does have an office in Washington as stated in the express article.
So we already suffered a loss with Ventech when we brought a used plant to Trinidad which never worked, now the same political party wants to make it better by allowing a newly formed company as the preferred investor who can pack up shop at any time without suffering the loss of reputation.... because they have none.
I hope the FIU does a proper check on the source of the funds..... maybe that's wishful thinking!
nervewrecker wrote:Didnt they post a profit?
20.3 billion profit for 2017. Government facking it up?The_Honourable wrote:Heads up, protest tomorrow at point-a-pierre refinery starting at 6am.nervewrecker wrote:Didnt they post a profit?
Yeah but still losses all over
https://newsday.co.tt/2018/07/30/petrot ... -finances/
vaiostation wrote:"In refinery there are 100 vacancies for operators. How can you refine products if there are no skilled workers? When skilled people retire they are not filling vacancies,” Roget added."
Strange thing is that they had a big ad in the papers for hiring Operator Apprentices in April last year. People did medical and was just waiting to sign contracts since September, but as of today no one was hired...
So, I am curious to know when some of the older refinery operators retire (which would be soon) what gonna happen? Unless their intention is actually to sell or lease out the refinery.
It looks more and more like decisions were already made behind closed doors and the public just getting a small trickle of the Government's master plan...
Party cyard discounts?hydroep wrote:'$ 10.00 ah leetah', coming soon to ah pump near you...
vaiostation wrote:Heard from someone in the union that they are going to purchase the refinery, agustus long hospital and point a pierre port soon.
The_Honourable wrote:How come Paria operations was not transferred to NP?vaiostation wrote:Heard from someone in the union that they are going to purchase the refinery, agustus long hospital and point a pierre port soon.
Going or plan? I know that OWTU under their company Patriotic Energies sent in an RFP.
The_Honourable wrote:Well that didn't take long
Espinet: Paria Fuel for sale
PARIA, the fuel trading successor to Petrotrin, which was set up to secure a steady supply of fuel to meet this country’s needs, has been put on the market for sale.
Chairman of Trinidad Petroleum Holdings (TPH), Wilfred Espinet, said that two Requests For Proposal’s (RFPs) have been issued — one for the sale of the refinery and another for Paria Fuel.
Source: https://www.trinidadexpress.com/busines ... d72b3.html
Opposition demands explanation of Paria sale
Gail Alexander
The first thing Prime Minister Keith Rowley needs to talk about on his return to T&T tomorrow, more than his health, is Government’s plan to sell Paria Fuel Trading.
That is the view of Movement for Social Justice (MSJ) political leader David Abdulah, while the Opposition UNC lashed out at the Government yesterday after a newspaper reported that Trinidad Petroleum Holdings chairman Wilfred Espinet had said there was no reason for Government to keep the state owned energy subsidiary.
Espinet said a request for proposal has been issued for Paria as well as for the Pointe-a-Pierre refinery. He said there is no strategic reason for the state to keep Paria once fuel security and fuel competitiveness can be guaranteed and the company shouldn’t be owned since “the way we do it, you’ll lose money,”
Energy Minister Franklin Khan didn’t respond to questions about whether he supported Espinet’s view and if this was planned all along. The OWTU, which has bid for the refinery, didn’t respond to calls for comment.
However, speaking on a radio programme yesterday, MSJ’s Abdulah said: “Three months after we warned Trinidad and Tobago, we’ve been vindicated. No less than the Prime Minister should explain this immediately . . . tomorrow.
“The oil industry’s health has been aggravated by this abominable decision to sell these assets. Mouth open, story jump out on Espinet’s part. Trinidad and Tobago now knows the narrative they told Trinidad and Tobago last year on Petrotrin was a lie.
“Rowley, Espinet, et al should be held accountable for major economic crimes and removed. The duplicity of Espinet and others is nakedly apparent now. They had touted these new business models as the way to go when everyone said establishing a fuel importation company, including to sell to Caricom, made no sense. Now Espinet is admitting this and also to borrowing $1 billion to pay bullet payments and severance.
“What will happen to Trinidad and Tobago’s and Caricom’s fuel security if Paria is sold? Instead of solutions on Petrotrin, Trinidad and Tobago is heading deeper in debt and Heritage oil production fell also.”
Abdulah said the cost of the Petrotrin equation to T&T will be huge.
He added: “Lake Asphalt is terminating workers since, minus the refinery, they must import bitumen. Trinmar field operators are also laying off.”
Opposition whip David Lee said in a statement: “Government’s lies and its betrayal of citizens concerning Petrotrin is now clear given Espinet’s statements. Offering Paria for sale comes as a slap in the face to citizens still coming to terms with Petrotrin being torn apart to the detriment of thousands.
“This appears to be a con job perpetrated from the very top. Their actions were always geared towards positioning Trinidad and Tobago’s national patrimony to be sold. Espinet must now say who our revenue streams are being sold to, what procurement method’s being used, what measures are being implemented to guarantee Trinidad and Tobago’s fuel security and price stability? “
He said Government hid its real intent from the start and had “pulled the wool over citizens’ eyes” and added that Espinet’s “foolish rationale” that Paria cannot be profitable “ is totally contradictory to what they told citizens before.”
Lee said Government and Espinet were acting as if the state assets belonged to them.
“Issues concerning such public assets should have been brought for discussion and scrutiny to Parliament’s oversight Energy Committee which hasn’t convened since February 2018. Government is now placing them on the chopping block to be sold free of debt, unions and all other issues, which make them very financially attractive to the private sector.
“But further hardships await. Sale of Paria would mean total removal of all subsidies and an increase in fuel prices.
Citizens would be at the mercy of those who seek profit and job losses will loom with the possible closure of National Petroleum which would no longer be needed as the new owners of Paria would likely undertake their own distribution,” he warned.
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