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Petrotrin refinery shut down

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pugboy
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Re: Petrotrin refinery to shut down?

Postby pugboy » August 28th, 2018, 5:40 pm

this is similar to bwia reboot but on a bigger scale
bwia also had a nice pension fund, many senior employees got a nice package and
many were rehired

wasa is just a plain inefficient company with plenty bobol hiring of "contractors" ie men with a backhoe and truck

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Re: Petrotrin refinery to shut down?

Postby jhonnieblue » August 28th, 2018, 5:53 pm

Fully expect some of the better assets to be sold off to waiting investors. I always never understand that statement of life in the line for a company. I myself work at a established downstream company and I'm pretty sure I do way more work than petrotrin employees for less renumeration.

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Re: Petrotrin refinery to shut down?

Postby neilsingh100 » August 28th, 2018, 5:55 pm

pugboy wrote:this is similar to bwia reboot but on a bigger scale
bwia also had a nice pension fund, many senior employees got a nice package and
many were rehired

wasa is just a plain inefficient company with plenty bobol hiring of "contractors" ie men with a backhoe and truck
CAL needs to be closed down since they lost close to 1 billion in the last 5 years. It really does not serve any purpose except for the Tobago airbridge. Their planes are older, flights cost more and customer experience is not significantly better than any other airline. Can't see how a small airline like CAL can survive anymore without a fuel subsidy. Garvin Madera trying a turnaround but selling tamarind balls on flights not going to take them to profitability. They also have a huge wage bill for pilots and management staff.

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Re: Petrotrin refinery to shut down?

Postby Daran » August 28th, 2018, 6:13 pm

neilsingh100 wrote:
pugboy wrote:this is similar to bwia reboot but on a bigger scale
bwia also had a nice pension fund, many senior employees got a nice package and
many were rehired

wasa is just a plain inefficient company with plenty bobol hiring of "contractors" ie men with a backhoe and truck
CAL needs to be closed down since they lost close to 1 billion in the last 5 years. It really does not serve any purpose except for the Tobago airbridge. Their planes are older, flights cost more and customer experience is not significantly better than any other airline. Can't see how a small airline like CAL can survive anymore without a fuel subsidy. Garvin Madera trying a turnaround but selling tamarind balls on flights not going to take them to profitability. They also have a huge wage bill for pilots and management staff.


You can't close down CAL because then who the hell gonna service necessary but unprofitable routes. Also without CAL expect other airlines to buss price on us because of less competition.

CAL though, like WASA, TSTT, T&TEC is overstaffed with entitled overpaid employees. Cut half the staff and these entities will be profitable.

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Re: Petrotrin refinery to shut down?

Postby airuma » August 28th, 2018, 6:24 pm

However, iirc, CAL has an excellent accident rating so they must be doing something right!

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Re: Petrotrin refinery to shut down?

Postby Rory Phoulorie » August 28th, 2018, 6:26 pm

CAL is supposed to have some big announcement in October. Probably they upgrading the fleet.

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Re: Petrotrin refinery to shut down?

Postby hydroep » August 28th, 2018, 6:31 pm

CAL is a loss making enterprise just like BWIA because it too suffered from poor management decisions: purchase of the ATRs and acquisition of Air Jamaica to name a couple.

It's true, they can't close it down. How else will the politicans and their families fly for free?...:|

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Re: Petrotrin refinery to shut down?

Postby Joshie23 » August 28th, 2018, 6:32 pm

airuma wrote:Depends on what 25,000 barrels of oil equivalent means to Espinet, IMHO, it could be:
1. equivalent in terms of market value
2. required fractions that could be produced from 20,000 barrels of oil
3. 25,000 barrels of required fractions.
Maybe the sale of the 40,000 BOPD will generate enough forex to purchase the 25,000 barrels of fractions. This means petrotrin will not be a net user of forex.

Most important is how much will we be paying for fuel in the next few weeks because the entire country may now have to face an increase in cost of living while a few were allowed to "live it up" at our expense..... yet they come on the forums and try to justify their unnecessary compensations and try to make us believe that they are doing us a service by putting their lives on the line so that we can get fuel for our vehicles.

And no likelihood that the refinery would be sold...... that maybe a correct statement at the time it was made but with Guyana expecting big oil to flow by 2020 of which 30% will belong to Guyana to refine wherever they wish..... I'm sure things will change in the next two years...... maybe in the euphoria of the election some 1% might "get through".


Screenshot_20180828-175412_Chrome.jpg


I swear, that was my reaction when I came to the part in bold. So, we essentially advocate and support closing down the Refinery because 'Dem boys overpaid and dey laazzyy! Sell the thing. It's what's best for the country'. But then we're concerned about the ripple effect thereafter, the most obvious ones being potential higher fuel prices and thus higher living costs. Why worry? Mr. Espinet, Mr. Khan and by extension, Dr. Rowley have yuh back. They know what's best for the country, so they won't let fuel prices go anywhere. Great is the PNM.

*stares Balisier-ly*

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Re: Petrotrin refinery to shut down?

Postby gastly369 » August 28th, 2018, 6:40 pm

gastly369 wrote:
pjfred wrote:Actually these are accurate figures, when the 1% owns the refinery the price of fuel will be 4 times what you pay now. Similar to all other products. Reason being thats the foreign market price. God bless Rowley and his wisdom. Sabgas forever! Hail the Almighty Syrians!
Let the public keke....dey eh know the trickle effect that would take place yet nah
Waittt for it nah joshie23...dey eh seeing it yet..

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Re: Petrotrin refinery to shut down?

Postby sMASH » August 28th, 2018, 6:50 pm

The knock on effects...

Unemployment, stagnation of economy due to reduced consumer spending. Reduced spending means businesses suffer even more. So more layoffs.

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Re: Petrotrin refinery to shut down?

Postby neilsingh100 » August 28th, 2018, 6:50 pm

hydroep wrote:CAL is a loss making enterprise just like BWIA because it too suffered from poor management decisions: purchase of the ATRs and acquisition of Air Jamaica to name a couple.

It's true, they can't close it down. How else will the politicans and their families fly for free?...:|
CAL started off good but again was mis-managed by the last government with the ATR purchase. Bottom line here is this country has a poor record of running businesses that need to be competitive globally. It is better for the state to get out of them, let the private sector run it and stick to collecting taxes.

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Re: Petrotrin refinery to shut down?

Postby sMASH » August 28th, 2018, 7:03 pm

Why isn't mechanisms in place to identify, measure and arrest/punish Mismanagement?

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Re: Petrotrin refinery to shut down?

Postby Cantmis » August 28th, 2018, 7:29 pm

Should I reapply?

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Re: Petrotrin refinery to shut down?

Postby Monkey Man » August 28th, 2018, 7:40 pm

Jus now they will close down the zoo

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Re: Petrotrin refinery to shut down?

Postby pugboy » August 28th, 2018, 7:40 pm

Does cal presently pay worldwide fuel price ?

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Re: Petrotrin refinery to shut down?

Postby aaron17 » August 28th, 2018, 7:43 pm

Roget got paid....

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Re: Petrotrin refinery to shut down?

Postby sMASH » August 28th, 2018, 7:44 pm

Monkey Man wrote:Jus now they will close down the zoo
hope u get a good severance package.

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Re: Petrotrin refinery to shut down?

Postby lalloboy101 » August 28th, 2018, 7:50 pm

I find it hard to believe that many who worked there didn't see this coming and prepare for it. Did they upgrade their skills over the years?, did they benchmark their selves with others in similar types companies to determine gaps? Unfortunately it's the ones that don't add value would be the ones kept on.

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Re: Petrotrin refinery to shut down?

Postby screwbash » August 28th, 2018, 7:56 pm

hear the union plan to strike and lock off the fuel like diesel and gas. expect panic buying.

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Re: Petrotrin refinery to shut down?

Postby nervewrecker » August 28th, 2018, 7:57 pm

screwbash wrote:hear the union plan to strike and lock off the fuel like diesel and gas. expect panic buying.
Oh puhleez, they like a dog without teeth.

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Re: Petrotrin refinery to shut down?

Postby Monkey Man » August 28th, 2018, 7:59 pm

What is an OWTU??

Official White Toteee Unit

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Re: Petrotrin refinery to shut down?

Postby randolphinshan » August 28th, 2018, 8:19 pm

Monkey Man wrote:What is an OWTU??

Official White Toteee Unit


Hope they start to import fuel quickly. Finally might get some good diesel.

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Re: Petrotrin refinery to shut down?

Postby sinister_14 » August 28th, 2018, 8:20 pm

If the people of trinidad allow this action of petrotrin being shut down an allow who is responsible for petrotrin being in debt get away free....they really stupid.....it is not the workers fault this happen it is solely management and the governments fault....they mismanaged the company and did nothing until now...why???...to fill their pockets and their friend pockets with a new investment..
...open all yuh fuckkkking eyes nah the government only fuckkkkking up d people of trinidad...

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Re: Petrotrin refinery to shut down?

Postby Playerz » August 28th, 2018, 8:27 pm

Monkey Man wrote:Jus now they will close down the zoo


:lol: first they will tax the animals :lol:

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Re: Petrotrin refinery to shut down?

Postby bushwakka » August 28th, 2018, 8:27 pm

randolphinshan wrote:
Monkey Man wrote:What is an OWTU??

Official White Toteee Unit


Hope they start to import fuel quickly. Finally might get some good diesel.


bredda man, if u could afford the better quality diesel @ $11+/litre....gimme a wok in ur garden nah

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Re: Petrotrin refinery to shut down?

Postby bushwakka » August 28th, 2018, 8:28 pm

sinister_14 wrote:If the people of trinidad allow this action of petrotrin being shut down an allow who is responsible for petrotrin being in debt get away free....they really stupid.....it is not the workers fault this happen it is solely management and the governments fault....they mismanaged the company and did nothing until now...why???...to fill their pockets and their friend pockets with a new investment..
...open all yuh fuckkkking eyes nah the government only fuckkkkking up d people of trinidad...


NO!

It still have carnival!

#wejamminstill

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Re: Petrotrin refinery to shut down?

Postby screwbash » August 28th, 2018, 8:28 pm

nervewrecker wrote:
screwbash wrote:hear the union plan to strike and lock off the fuel like diesel and gas. expect panic buying.
Oh puhleez, they like a dog without teeth.


only when tomorrow each we go know for sure. i think d delivery trucks go be the source of delivery failure of the gasoline and diesel.

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Re: Petrotrin refinery to shut down?

Postby agent007 » August 28th, 2018, 8:29 pm

NiQuan Energy LLC
1627 K St, NW Suite 901
Washington, DC 20006
United States

P 202-296-1616 | F 202-318 7776

or

NiQuan Energy Trinidad Limited
GTL Drive
Petrotrin
Pointe-A-Pierre
Trinidad and Tobago

Info@Niquanenergy.com

or

NIQUAN ENERGY TRINIDAD
Company #1519589
ELEVEN ALBION CORNER DERE AND ALBION STREETS PORT OF SPAIN
Incorporated on: 2012-07-17
Name Suffix: LIMITED
Status: ACTIVE

Google Maps indicate that the Washington DC address is a building that is leased/rented out by a real estate company called:

SUMMIT Commercial Real Estate
1990 M Street, NW
2nd Floor
Washington DC, 20036

202-289-5400
www.summitcre.com
info@summitcre.com

A trip to Summit's website under the "our clients and customers" tab:
http://www.summitcre.com/our-clients-customers/

Does not reveal NiQuan Energy LLC as a tenant.

A visual check of the building on Google Maps does not reveal any signage owned by NiQuan Energy LLC.

Interestingly enough, Ancil Roget made reference to this company and amongst other things where basically he was trying to say that something is up where future control/ownership of Petrotrin's E&P unit. Furthermore, the dude who made the video which circulated on social media where he brought information to us whilst driving his vehicle made references to this company.

Now this post is not a protest about the E&P shutdown and wider Petrotrin restructure as I support the government's decision on this one, however, I just want to know (if possible), who are the true owners of NiQuan Energy Trinidad Limited and what is their projected growth forecasts like or at least what is their short-to-medium term strategic plan? The typical web-search information obtained on NiQuan thus far reveals something very questionable.

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Re: Petrotrin refinery to shut down?

Postby sMASH » August 28th, 2018, 8:36 pm

^^sabga

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Re: Petrotrin refinery to shut down?

Postby Redress10 » August 28th, 2018, 8:38 pm

pugboy wrote:Does cal presently pay worldwide fuel price ?


Nope...They have always been subsidized....Just imagine with subsidised fuel prices they still can't turn a profit. Insanity.

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