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Petrotrin refinery shut down

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Re: Petrotrin refinery shut down

Postby Redman » November 7th, 2019, 7:32 am

Everybody knows this is a red herring....on both sides

20 years ago the banking system was proven to be porous.
Any payments made were made elsewhere and far from local jurisdiction and eyes

Dais why Coonilal was taking cash

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Re: Petrotrin refinery shut down

Postby matr1x » November 7th, 2019, 10:08 am

Them clearing it, is like the nazis clearing themselves of the holocaust.



Roget pocket probably so full that he will run for pnm. I mean he halfway there

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Re: Petrotrin refinery shut down

Postby The_Honourable » November 7th, 2019, 9:29 pm

Patriotic submits bid for refinery

THE OWTU has said its company Patriotic Energies and Technologies had, on Thursday, met the Ministry of Finance’s deadline to send in details of its US$700 million bid to buy the former Petrotrin refinery.

A statement, "Patriotic meets deadline," said Finance Minister Colm Imbert had said on September 20 that Patriotic had been chosen as the preferred bidder to buy the Guaracara (refinery) and Paria (oil trading) legacy companies of Petrotrin at Pointe-a-Pierre.

Patriotic was asked to satisfy ten specific conditions within a month.

The OWTU said Patriotic met the Evaluation Committee on October 4 to clarify the requirements, so the month began that day.

“On Monday, November 4, 2019 the entire Patriotic team/consortium met with the Evaluation Committee consistent with the one-month deadline and delivered on all of the ten areas of requirement.”

The union is awaiting the committee’s response by month-end.

“The OWTU is confident that its company Patriotic stands ready to move to the next stage of fully completing the acquisition process in a timely manner for the benefit of all citizens of TT.”

Newsday was yesterday unable to contact the Ministers of Finance or Energy.

Source: https://newsday.co.tt/2019/11/07/patrio ... r-refinery

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Re: Petrotrin refinery shut down

Postby gastly369 » November 8th, 2019, 7:38 pm

https://newsday.co.tt/2019/11/08/herita ... -its-land/

Hope those Hunters doh buss gun behind the field workers now.....

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Re: Petrotrin refinery shut down

Postby sMASH » November 16th, 2019, 6:35 am

sMASH wrote:https://trinidadexpress.com/news/local/owtu-wants-to-buy-yara/article_0a85418e-0816-11ea-b44c-436541a32f49.html?fbclid=IwAR0GFf3RUg-CA2huV1eJvflbHUvB3PRzXjv2xXD42nL3WDKFPSSN7kavwIc

they put the article in a paywall. it says that owtu want to buy tringen1, since it down.

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Re: Petrotrin refinery shut down

Postby The_Honourable » November 16th, 2019, 9:49 am

sMASH wrote:
sMASH wrote:https://trinidadexpress.com/news/local/owtu-wants-to-buy-yara/article_0a85418e-0816-11ea-b44c-436541a32f49.html?fbclid=IwAR0GFf3RUg-CA2huV1eJvflbHUvB3PRzXjv2xXD42nL3WDKFPSSN7kavwIc

they put the article in a paywall. it says that owtu want to buy tringen1, since it down.


Refinery now this? Where OWTU/Patriotic getting all this money from? Maduro? :?

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Re: Petrotrin refinery shut down

Postby sMASH » November 17th, 2019, 7:14 pm

probably they gonna drop a $15m on that deal

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Re: Petrotrin refinery shut down

Postby gastly369 » November 17th, 2019, 7:27 pm

Make ah willldd guess....
The_Honourable wrote:
sMASH wrote:
sMASH wrote:https://trinidadexpress.com/news/local/owtu-wants-to-buy-yara/article_0a85418e-0816-11ea-b44c-436541a32f49.html?fbclid=IwAR0GFf3RUg-CA2huV1eJvflbHUvB3PRzXjv2xXD42nL3WDKFPSSN7kavwIc

they put the article in a paywall. it says that owtu want to buy tringen1, since it down.


Refinery now this? Where OWTU/Patriotic getting all this money from? Maduro? :?

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Re: Petrotrin refinery shut down

Postby Redman » November 18th, 2019, 5:59 am

The_Honourable wrote:
sMASH wrote:
sMASH wrote:https://trinidadexpress.com/news/local/owtu-wants-to-buy-yara/article_0a85418e-0816-11ea-b44c-436541a32f49.html?fbclid=IwAR0GFf3RUg-CA2huV1eJvflbHUvB3PRzXjv2xXD42nL3WDKFPSSN7kavwIc

they put the article in a paywall. it says that owtu want to buy tringen1, since it down.


Refinery now this? Where OWTU/Patriotic getting all this money from? Maduro? :?



On the face of it they have a plant for sale- they have the labor component.
Its whether they can sell the output and make a profit.

There is plenty of capital outside TnT that would be able to get whatever they missing,buy it and make it work.

Isnt that what Mittal did as Ispat-That was his whole strategy

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Re: Petrotrin refinery shut down

Postby pugboy » November 18th, 2019, 7:23 am

roget getting a lil carried away suggesting they could take over the yara plant

if it was so easy to take over old and devalued plants then everybody could become a mittal

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Re: Petrotrin refinery shut down

Postby sMASH » November 18th, 2019, 7:33 am

he riding on the backs of the workers of the plant being owtu members, and would be out of jobs in a highly competitive market, locally. so, they would naturally migrate towards staffing the plant.

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Re: Petrotrin refinery shut down

Postby Redman » November 18th, 2019, 7:38 am

Yes and no.

With the right people-OWTU can just be a carried interest fronting for those behind the money.

Its not easy -or simple.
That said-LABOR and control/supply of such is a big component of the mix

So they have a plant for cheap.
They have a handle on the labor component-and a deep labor pool
They have a GORTT that would be willing to give real concessions.

Years ago-Robert Riley stated that TnT has to compete for capital INSIDE BP.
Yara is the same-not making the hurdle rate at Yara- doesnt mean that the plant is not viable.


Lakshmi Mittal didnt do it by himself-he had the right teamS.
As did Bill Gates.

So OWTU just may have a relationship that has access to the Mgt components or whatever they missing.

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Re: Petrotrin refinery shut down

Postby rspann » November 18th, 2019, 12:45 pm

Just don't forget that the real owners could do things that the OWTU won't be able to control. Remember the golden rule. Who has the gold makes the rules.

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Re: Petrotrin refinery shut down

Postby hydroep » November 23rd, 2019, 6:05 am

PM: Distributing Petrotrin lands not like giving out hops bread
Julien Neaves

THE PRIME Minister has said the distribution of land to former Petrotrin workers was not as easy as distributing hops bread.

He was responding to prime minister's questions in the House on Friday on his statement on December 17, 2018 on state lands given to former Petrotrin workers for housing and agricultural use and how many workers had received land 11 months later.

Dr Rowley said the process required a certain amount of identification and preparation of the lands, and when those works were finished the plots would be available.

"Having learned from the Caroni experience, where a similar undertaking was given and actions were taken to provide lands for employees in similar circumstances, which resulted in huge scandals and losses for the taxpayer, we are making haste to ensure that such is not repeated."

He explained that after parcels of land were identified and the relevant approvals obtained, infrastructural work had to be done, and then the workers would be allowed to have the plots.

"It is not an overnight thing."

Pointe-a-Pierre MP David Lee asked if a committee had been set up to deal with the lands.

Rowley said one had been set up but he could not remember who the members were. He believed it included people from the Housing Development Corporation and other professionals.

Lee also requested a timeline.

Rowley responded that these things did not have deadline dates, but it would be approached in a reasonable way.

"To ask for a deadline now is just being mischievous."


https://newsday.co.tt/2019/11/22/pm-distributing-petrotrin-lands-not-like-giving-out-hops-bread/

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Re: Petrotrin refinery shut down

Postby De Dragon » November 23rd, 2019, 6:16 am

hydroep wrote:
PM: Distributing Petrotrin lands not like giving out hops bread
Julien Neaves

THE PRIME Minister has said the distribution of land to former Petrotrin workers was not as easy as distributing hops bread.

He was responding to prime minister's questions in the House on Friday on his statement on December 17, 2018 on state lands given to former Petrotrin workers for housing and agricultural use and how many workers had received land 11 months later.

Dr Rowley said the process required a certain amount of identification and preparation of the lands, and when those works were finished the plots would be available.

"Having learned from the Caroni experience, where a similar undertaking was given and actions were taken to provide lands for employees in similar circumstances, which resulted in huge scandals and losses for the taxpayer, we are making haste to ensure that such is not repeated."

He explained that after parcels of land were identified and the relevant approvals obtained, infrastructural work had to be done, and then the workers would be allowed to have the plots.

"It is not an overnight thing."

Pointe-a-Pierre MP David Lee asked if a committee had been set up to deal with the lands.

Rowley said one had been set up but he could not remember who the members were. He believed it included people from the Housing Development Corporation and other professionals.

Lee also requested a timeline.

Rowley responded that these things did not have deadline dates, but it would be approached in a reasonable way.

"To ask for a deadline now is just being mischievous."


https://newsday.co.tt/2019/11/22/pm-distributing-petrotrin-lands-not-like-giving-out-hops-bread/

Where else in the world do industries get shuttered and there are demands for the real estate? T&T will die of dependency. This real estate cannot be used to generate revenue of some sort? Are we going to repeat the foolishness of Caroni all over again?

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Re: Petrotrin refinery shut down

Postby vaiostation » November 23rd, 2019, 6:57 am

As long as it wasn't in ya vsep when you got terminated, doh look for nuttin. It took my relative 14 years to get their land from caroni and it was part of their vsep, and even when they got it, they had to pay to get it surveyed because the government didn't.

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Re: Petrotrin refinery shut down

Postby hydroep » November 27th, 2019, 3:19 pm

The more things change the more they stay the same...:|

Paria workers protest over H&S issues
Seeta Persad

WORKERS of Paria Fuel Trading stopped work and protested outside the company's compound because of ongoing health and safety issues. They gathered at the front gate in Pointe-a-Pierre on Wednesday morning, to voice their concerns.

Spokesman for the workers Lex François said Paria was not concerned about the welfare of workers and was denying them the right to health and safety.

“Workers are operating at a risk, since there is no proper emergency response in place," he said.

They have to find medical attention on their own when the need arises, he said.

“Last week a worker got injured and his co-workers used their private vehicle to provide transport to the hospital,” Francois said.

Photo - Lincoln Holder

When workers complained to the company heads, he said, they say they cannot deal with such issues and they are always open for business.

“Paria heads must address this important issue of health and safety immediately, as workers will continue their protest actions until this is done,” he said. "We are not getting any response from the head as to whether they have an interim plan until better can be done."

Under the Occupational Safety and Health Agency (OSHA) Act, Francois said, this state-owned company must first ensure the safety of the workers.

“There is supposed to be an ambulance on the compound together with other units to ensure the workers’ safety.”

Another worker, Derrek Raymond, said since Paria replaced Petrotrin, there had been no ambulance on the Pointe-a-Pierre plant.

“We wrote to the human resource department asking Paria to address the concern of the workers, but no one seems to be listening,” Raymond said.

Workers said they are concerned about providing gas to citizens but have no choice but to protest.


https://newsday.co.tt/2019/11/27/paria-workers-protest-over-hs-issues/

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Re: Petrotrin refinery shut down

Postby De Dragon » November 28th, 2019, 3:30 pm

Can't even run an ambulance service, but wants to run an entire refinery? LOFL

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Re: Petrotrin refinery shut down

Postby The_Honourable » December 4th, 2019, 12:52 pm

Patriotic Unveils Logo

The Oilfields Workers’ Trade Union (OWTU) views their new asset, Patriotic Energies and Technologies Company Limited, as fruit borne from the patriotism of the leaders of the OWTU.


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Re: Petrotrin refinery shut down

Postby gastly369 » December 4th, 2019, 4:36 pm

Anyone saw the "letter" passing around...

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Re: Petrotrin refinery shut down

Postby Pointman-IA » December 14th, 2019, 11:33 pm

What letter?
gastly369 wrote:Anyone saw the "letter" passing around...

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Re: Petrotrin refinery shut down

Postby razi » December 15th, 2019, 7:45 am

What he said!
Pointman-IA wrote:What letter?
gastly369 wrote:Anyone saw the "letter" passing around...

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Re: Petrotrin refinery shut down

Postby The_Honourable » January 7th, 2020, 9:12 pm

Trinidad formally expresses interest in refining Guyana’s oil

Image

The government of Trinidad and Tobago has formally expressed interest in having an arrangement with Guyana to refine its oil. This was noted in a government document seen by this news agency.

The Guyana Standard understands that the Coalition administration is of the view that this is perhaps, a suitable option. It noted in the document that Petrotrin, Trinidad’s National Oil Company which was sold last year September to Patriotic Energies and Technologies Co Ltd, holds a refinery that has received extensive upgrading in recent years.

It was further stated in the document that if Guyana were to go ahead with this option, there would be a need for configuration investments since the refinery is currently configured to refine heavy to medium crude while Guyana produces sweet light crude. When all the outlying factors are considered however, the government is of the view that this option, which appears to be the best at the moment, should be given due consideration and studied.

To underscore its agreement to study the Trinidad option, the government highlighted that Guyana independently pursuing a large, petrochemical refinery is not a viable investment. It was keen to note that a traditional refinery with capacity of up to 200,000b/d would occupy hundreds of acres and take USD $5 billion of investments. It was further noted that a refinery’s construction might take more than 60 months and generate as a consequence, a negative net present value of USD $2.5 – 3.0 billion.

Source: https://www.guyanastandard.com/2020/01/ ... yanas-oil/

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Re: Petrotrin refinery shut down

Postby K_J_R » January 8th, 2020, 5:55 am

The_Honourable wrote:Trinidad formally expresses interest in refining Guyana’s oil

Image

The government of Trinidad and Tobago has formally expressed interest in having an arrangement with Guyana to refine its oil. This was noted in a government document seen by this news agency.

The Guyana Standard understands that the Coalition administration is of the view that this is perhaps, a suitable option. It noted in the document that Petrotrin, Trinidad’s National Oil Company which was sold last year September to Patriotic Energies and Technologies Co Ltd, holds a refinery that has received extensive upgrading in recent years.

It was further stated in the document that if Guyana were to go ahead with this option, there would be a need for configuration investments since the refinery is currently configured to refine heavy to medium crude while Guyana produces sweet light crude. When all the outlying factors are considered however, the government is of the view that this option, which appears to be the best at the moment, should be given due consideration and studied.

To underscore its agreement to study the Trinidad option, the government highlighted that Guyana independently pursuing a large, petrochemical refinery is not a viable investment. It was keen to note that a traditional refinery with capacity of up to 200,000b/d would occupy hundreds of acres and take USD $5 billion of investments. It was further noted that a refinery’s construction might take more than 60 months and generate as a consequence, a negative net present value of USD $2.5 – 3.0 billion.

Source: https://www.guyanastandard.com/2020/01/ ... yanas-oil/


dIdn't our media report that the refinery was old and outdated? how come they are syaing that it was upgraded?

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Re: Petrotrin refinery shut down

Postby zoom rader » January 8th, 2020, 7:06 am

^^^ Cause the media are all PNM.

reading a newspaper in TT is for entertainment only

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Re: Petrotrin refinery shut down

Postby rspann » January 8th, 2020, 8:38 am

T&T govt still have a refinery?

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Re: Petrotrin refinery shut down

Postby zoom rader » January 8th, 2020, 8:50 am

rspann wrote:T&T govt still have a refinery?
Yeah they do but it's paper trail as it is fronted by a sell out union backed by the 1% and person who pretend to be MP

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Re: Petrotrin refinery shut down

Postby VexXx Dogg » January 8th, 2020, 9:24 am

K_J_R wrote:
The_Honourable wrote:Trinidad formally expresses interest in refining Guyana’s oil

Image

The government of Trinidad and Tobago has formally expressed interest in having an arrangement with Guyana to refine its oil. This was noted in a government document seen by this news agency.

The Guyana Standard understands that the Coalition administration is of the view that this is perhaps, a suitable option. It noted in the document that Petrotrin, Trinidad’s National Oil Company which was sold last year September to Patriotic Energies and Technologies Co Ltd, holds a refinery that has received extensive upgrading in recent years.

It was further stated in the document that if Guyana were to go ahead with this option, there would be a need for configuration investments since the refinery is currently configured to refine heavy to medium crude while Guyana produces sweet light crude. When all the outlying factors are considered however, the government is of the view that this option, which appears to be the best at the moment, should be given due consideration and studied.

To underscore its agreement to study the Trinidad option, the government highlighted that Guyana independently pursuing a large, petrochemical refinery is not a viable investment. It was keen to note that a traditional refinery with capacity of up to 200,000b/d would occupy hundreds of acres and take USD $5 billion of investments. It was further noted that a refinery’s construction might take more than 60 months and generate as a consequence, a negative net present value of USD $2.5 – 3.0 billion.

Source: https://www.guyanastandard.com/2020/01/ ... yanas-oil/


dIdn't our media report that the refinery was old and outdated? how come they are syaing that it was upgraded?



What was the reason for petrotrin's closure?
Loop summarized it as poor management, crippling debt and supply chain issue (not enough oil to profitably run)
Seems as though the equipment is fine.
http://www.looptt.com/content/petrotrin ... t-was-done

This proposed Guyana deal will be good.

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Re: Petrotrin refinery shut down

Postby screwbash » January 8th, 2020, 10:12 am

so have the new petrotrin started producing the regular gasoline that the fishermen use ?

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Re: Petrotrin refinery shut down

Postby K_J_R » January 8th, 2020, 11:25 am

VexXx Dogg wrote:
K_J_R wrote:
The_Honourable wrote:Trinidad formally expresses interest in refining Guyana’s oil

Image

The government of Trinidad and Tobago has formally expressed interest in having an arrangement with Guyana to refine its oil. This was noted in a government document seen by this news agency.

The Guyana Standard understands that the Coalition administration is of the view that this is perhaps, a suitable option. It noted in the document that Petrotrin, Trinidad’s National Oil Company which was sold last year September to Patriotic Energies and Technologies Co Ltd, holds a refinery that has received extensive upgrading in recent years.

It was further stated in the document that if Guyana were to go ahead with this option, there would be a need for configuration investments since the refinery is currently configured to refine heavy to medium crude while Guyana produces sweet light crude. When all the outlying factors are considered however, the government is of the view that this option, which appears to be the best at the moment, should be given due consideration and studied.

To underscore its agreement to study the Trinidad option, the government highlighted that Guyana independently pursuing a large, petrochemical refinery is not a viable investment. It was keen to note that a traditional refinery with capacity of up to 200,000b/d would occupy hundreds of acres and take USD $5 billion of investments. It was further noted that a refinery’s construction might take more than 60 months and generate as a consequence, a negative net present value of USD $2.5 – 3.0 billion.

Source: https://www.guyanastandard.com/2020/01/ ... yanas-oil/


dIdn't our media report that the refinery was old and outdated? how come they are syaing that it was upgraded?



What was the reason for petrotrin's closure?
Loop summarized it as poor management, crippling debt and supply chain issue (not enough oil to profitably run)
Seems as though the equipment is fine.
http://www.looptt.com/content/petrotrin ... t-was-done

This proposed Guyana deal will be good.


i understad the reason.

i was just under the imrpession that the refinery was old and the upgrades were never completed due to mismanagement. how come we now saying that the refinery was upgraded and could handle guyanese oil?

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