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De Dragon wrote:Can anything else be expected from these incompetents? He said, she said. Really? With an asset so vital to the very lives of hundreds of thousands of citizens?
The_Honourable wrote:De Dragon wrote:Can anything else be expected from these incompetents? He said, she said. Really? With an asset so vital to the very lives of hundreds of thousands of citizens?
The man say the RFP was "inadvertently issued"
That process does go through several people for research, then a next set people to advertise. Is a box of biscuit dey recalling?
Ben_spanna wrote:All of this because the fake oil and the involved people could get away without being prosecuted to the full extent of the law?
Ben_spanna wrote:All of this because the fake oil and the involved people could get away without being prosecuted to the full extent of the law?
Redman wrote:Ben_spanna wrote:All of this because the fake oil and the involved people could get away without being prosecuted to the full extent of the law?
no
Because if that was properly ventilated and properly investigated......elections would have called and Govt would have fallen.
Numb3r4 wrote:So who are they going to sell it to? Patriotic???
Or is this just incompetence or some sort of bizarre political show?
Or does Espinet have an interest in buying?
How are the Petrotrin workers feeling/coping?
Glad someone else saw that also...rspann wrote:I was shocked at the interview in the Sunday express where Espinet saying I buy ,I sell ,I ,I,I.......like if it's his personal company.
nervewrecker wrote:Talk is they might lease everything out. The way a certain company talking is like they know what coming.
No new wells were drilled, what expanding they talking about?
The_Honourable wrote:Like Patriotic Energies (OWTU) getting the refinery... dey gearsing up.
pugboy wrote:so roget get white ppl outside investors ?
hope they know you cant play mas and fraid powda
vaiostation wrote:^^^White people will be investing, so Roget will get his house in order...or else...
vaiostation wrote:Roget done gt. He getting de refinery and de port.
The ad will come out soon.
Or so someone tell meh who in de union...
pugboy wrote:The ad says it is 100% locally owned though
PM waiting on good bids for Paria Fuel
Peter Christopher
Prime Minister Dr Keith Rowley says if someone is buying, then the Government will sell Paria Fuel Trading Company.
He made the comment yesterday as he gave the Government’s final stance on the company’s future at the post-Cabinet briefing at the Diplomatic Centre, St Ann’s.
He explained that while the Government had not yet put the company up for sale, it would indeed be open to offers.
“There is no position taken by the Government to sell the Paria company, which is the fuel supply company, but based on what proposal is made to us, Paria is an asset which the Government will leverage to the best interest of the people of Trinidad and Tobago,” Rowley said.
His stance came days after Trinidad Petroleum Holdings chairman Wilfred Espinet said there was no reason for the Government to keep the state-owned energy subsidiary and as such a request for a proposal had been issued for Paria Fuel as well as for the Pointe-a-Pierre refinery. Espinet said there was no strategic reason for the state to keep Paria Fuel once fuel security and fuel competitiveness could be guaranteed. But the Energy Ministry subsequently denied this, with Minister Franklin Khan saying the company was not for sale.
This confusion prompted Opposition leader Kamla Persad-Bissessar to call on Government to halt all plans for the company until next year’s General Election.
Yesterday, Rowley cleared up the matter further.
“That decision (to see Paria) was not taken and no such decision has been given and I am giving you the final word on this, to clarify those two positions that Paria is a part of the restructuring of Petrotrin and if the restructuring is going to be a restart-up of the refinery and it involves any input for Paria, we would be crazy to have the refinery die when it could live because of Paria,” Rowley said.
He explained that Paria Fuel’s role was to ensure the country and various other countries that had depended on the restructured Petrotrin for fuels such as gas and diesel would still have a supply. But if another company began operations at the refinery, it could complicate Paria’s role, the PM said.
“Paria exists to provide us with fuel and to supply and if there is a supply being made in Trinidad and Tobago, then clearly we have not got to the point where and how that supply and Paria would coexist,” the PM said.
He said despite the decision to close Petrotrin, the Government was keen on seeing the refinery in operation. However, he said they opted to shut down the State-owned oil company because it was too costly to operate given the debts it had incurred. Petrotrin ceased operations at the end of November last year.
But he countered that they will seel it if the right bidder comes along and offers the right price.
“The Government has said over and over we want to see the refinery in operation if it can be had. And we are going to do everything that is business like to get the refinery back into operation,” he said.
“The fact that we don’t own it doesn’t mean it isn’t’ valuable, all it means is somebody else in the private sector would be doing it, having relieved us of the burden that we were carrying for how long.”
He also said clamouring about the potential sale was also premature, given that proposals had not yet been tabled for the refinery.
“We have not got the proposals as yet, so why should we close the door on a proposal that we have not seen. I am anxious to see the proposals that we might get because somewhere there might be someone who sees Pointe-a-Pierre as their gold mine,” he said.
Rowley said this stance did not contradict the Government’s decision to close down Petrotrin, as any potential owner of the refinery may not have the same challenges the Government faced.
“The new owner is going to be under new arrangements, they will have to find their own oil, find their own money, do all of those things which we have done and have lost billions doing it, but maybe they could do it with their own oil and do it differently,” Rowley said.
He said the Government was maintaining its position that regardless of the company’s owner, it would seek to have some element of control on the pricing of the products made in the refinery for the local market.
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