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Except for classic colakstt wrote:This talk about fuel prices will not increase is real nonsense. When Caroni closed down and we had to import sugar, didn't the price of sugar go up and everything as well? Look at the price of any soft drink or confectionery from then to now.
car wrote:Redman wrote:https://energynow.tt/blog/what-is-the-likely-impact-of-the-refinery-shut-down-on-contractor-and-energy-service-companies
It could easily be over 10k people out of jobs.
I done see vendors going to complain to a slow sales this Christmas.
ProtonPowder wrote:car wrote:Redman wrote:https://energynow.tt/blog/what-is-the-likely-impact-of-the-refinery-shut-down-on-contractor-and-energy-service-companies
It could easily be over 10k people out of jobs.
I done see vendors going to complain to a slow sales this Christmas.
Every year since I know myself i hearing that same song
De Dragon wrote:PNM continue to live in Fackstickland. Do away with SF Gallicia, then look for a boat, do away with refinery, then look for fuel supply, tax people MC, then look for economic turnaround.
demerarawaves wrote:Guyana to get oil refinery; site identified at Linden
Posted by: Denis Chabrol in Business, News February 10, 2018 8 Comments
GuyEnergy’s Operations Director, Steve Rowan (left) and Director Vidjai Doerga at their booth at GIPEX 2018
Plans are moving ahead to build a modular oil refinery to produce fuels for the Guyanese and northern Brazilian markets, with the major sources of crude expected to be from ExxonMobil or any other supplier at competitive prices, officials said Friday.
“The plan is to basically start construction at the end of this year and through next year so that the refinery is ready for operation early 2020 to coincide with first oil,” said Operations Director of the locally-registered company, GuyEnergy, Steve Rowan. He is responsible for environmental risk and impact assessments, acquiring permits and other technical evaluations including ground conditions.
The cost for building the modular refinery in Guyana is just under US$100 million. He said the feasibility study and business plan dates back to 2011- four years before ExxonMobil began discovering huge oil reserves offshore Guyana- when GuyEnergy had[size="180"] planned to import crude[/size] at the open market rate.
GuyEnergy’s Chief Executive Officer Turhane Doerga had long questioned why a government-funded expert, who had said it would have made no sense to build a US$5 billion an oil refinery in Guyana to refine 150,000 to 200,000 barrels per day, had not considered the option of building a modular refinery.
The locally-registered company, GuyEnergy, says the facility, which will be built in Linden, will have a capacity of 30,000 barrels per day. Minister of Natural Resources, Raphael Trotman has said Guyana’s daily oil consumption is 13,000 to 15,000 barrels per day. Rowan hoped that Guyana would be able to source its high-quality crude to be refined in Guyana for local consumption.
During the three-day GIPEX 2018 that wrapped up on Friday, the company told viewers at its exhibition booth that site selection, a feasibility study and preliminary design have been already completed for the project.
GuyEnergy also says that following government’s letter of no-objection tendering for plant and equipment supplies have already begun, even as funding meetings with investors are continuing. The company adds that it has already received expressions of interest from the state-owned Guyana Oil Company (GuyOil) and a Brazilian retailer to supply gasoline and diesel to 850 gas stations in northern Brazil. “One of the business reasons for the location of the refinery is that it will also supply products to northern Brazil which was supplied by Petrobras but Petrobras has broken up now,” he said, adding that the development of the Linden-Lethem road would be an incentive.
Rowan further explained that Linden has been selected as the home of the refinery because that town already has small-vessel berthing facilities that were once used for the now scrapped alumina plant, land for industrial facilities and skilled persons. “Because of the legacy of manufacturing in Linden, there is a reasonable proportion of people with technical skills, a technical institute there so the right type of people to train and bring into the process,” he said. The Operations Director said, unlike Linden, there is no appropriate location for off-loading for an oil refinery.
He said the company intends to hire 100 workers, 90 percent of whom are expected to be Guyanese who would be trained in late 2019.
The GuyEnergy Operations Director said, despite concerns about the shallowness of the Demerara River due to insufficient dredging, his company’s shallow-draft vessels would be able to sail up that waterway to the refinery. He assured that the vessels have sufficient safety mechanisms to significantly reduce the chance of an oil-spills and the high-tech refinery would include leak-detection monitoring systems.
The company official said ordinary Guyanese would be allowed to buy shares in GuyEnergy through private placement so it is “literally a Guyanese entity owned by Guyanese people”. “One of the important aspirations for us, as a company, is that within the equity structure of the firm we want to create space for Guyanese people to invest even as small shareholders,” he said.
GuyEnergy intends to apply to the Environmental Protection Agency for approvals in another six months.
The company intends to invest its profits from fossil fuel into clean energy sources such as solar, wind and hydro.
Turhane Doerga was previously head of Alesie Rice Mills, and recently he was one of the key advocates for large-scale growing of industrial hemp.
maj. tom wrote:umm... this is too much information for our 3rd world way of life. Please return to your regular banana republic lives. Nothing happened, nothing to see here. Tomorrow sun will be hot. Or it may rain and have flood in POS.
Who going to do what with all that info, like all the other massive corruption revelations in our country's history? Just you and me paying for it with more tax. The only action that ever happened in this country was an investigation into a fake email thing that turned out to be completely made up.
kstt wrote:Can you believe that there are workers at Petrotrin with over 20 years service who are Temporary and will get nothing when it closes?
car wrote:kstt wrote:Can you believe that there are workers at Petrotrin with over 20 years service who are Temporary and will get nothing when it closes?
There are temps that have over 28 years of service.
airuma wrote:car wrote:kstt wrote:Can you believe that there are workers at Petrotrin with over 20 years service who are Temporary and will get nothing when it closes?
There are temps that have over 28 years of service.
Wow! HR must have been worth every cent since the great OWTU didn't successfully challenge this practice. BTW, where is Errol McLeod? He give up on his people? Did he come out to rest and reflect? Was Jennifer Baptiste a part of the team that met with the unions last Thursday? Did Panday share an opinion on this?
The main interest of these union leaders is to use the union as a springboard to enter the government..... smh!
Curtms wrote:https://youtu.be/vAgw_Zyznx0
lalloboy101 wrote:question for the guys working PAP, would the end of the month be it for the guys there or would they continue with a core staff and decrease as operations cease?
And then poof!car wrote:lalloboy101 wrote:question for the guys working PAP, would the end of the month be it for the guys there or would they continue with a core staff and decrease as operations cease?
Decrease operations gradually till December.
gastly369 wrote:And then poof!car wrote:lalloboy101 wrote:question for the guys working PAP, would the end of the month be it for the guys there or would they continue with a core staff and decrease as operations cease?
Decrease operations gradually till December.
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