Petrotrin refinery shut down

[The_Honourable]

#Trafigura #Brotherinlaws #sinopec #chineevenedeal #silentpartner

[nervewrecker]

Petro-tuner

Ah wah ah wuck in dey

[Numb3r4]

Petro-tuner

Ah wah ah wuck in dey

Yeah an ZR and bluesclues will be on the board and Zetski and Desi will be managers.

[Joshie23]

Petro-tuner

Ah wah ah wuck in dey

Yeah an ZR and bluesclues will be on the board and Zetski and Desi will be managers.

Is a Petro wuk ah seein dey?? GT.

*walks in*
*sees board*
*sees managers*
*tears up resume*
And because ZR has experience in industry (based on his previous posts), he'll run circles around the rest of them. Buhbawl like dat and the rest will be nodding up and down more than the pumping jacks themselves.
Ting to cry, we kicksin' off yes.

[Redman]

#Trafigura #Brotherinlaws #sinopec #chineevenedeal #silentpartner

http://www.tteiti.org.tt/eiti-report-pr ... petrotrin/

The Value of Petrotrin’s Refined Products

For many years, there have been complaints that energy trading companies operate under a veil of secrecy and citizens could not tell how much Petrotrin’s refined products or even NGC’s LNG cargoes were traded for on international markets. However, in recent times, this practice has been challenged and disclosure on commodity trading is becoming the norm. The Trafigura Group, one of the world’s leading energy commodity trading companies recently started to publicly disclose what it paid to SOEs such as Petrotrin and NGC for their refined products or LNG cargoes. The company now reports the actual value and volume of products purchased from these SOEs.

In December 2016, Trafigura disclosed, via its ‘Responsibility Report’, that in 2016 it paid Petrotrin US $506 million for 10,586 thousand barrels and 1425 thousand tonnes of refined products. In 2014 and 2015 the company paid Petrotrin and Trinidad and Tobago LNG Ltd (a subsidiary of NGC) a total of US$507 million or approximately TT $3 billion for 5,381 thousand barrels of refined products and 2.81 million barrels equivalent of gas respectively (see Table 1). The company also reported that in 2013 that it paid Petrotrin and Trinidad and Tobago LNG Ltd. a total of US$503.16 million for 3,880 thousand barrels of refined products and 1.74 million barrels-equivalent of gas. It is important to highlight that Trafigura is not the only trading company that conducts business with local SOEs despite the company paying US $864 million between 2014-2016 for Petrotrin’s refined products.

[kstt]

https://m.facebook.com/story.php?story_ ... 1133166075

[matix]

It might be cheaper to build a new plant with that kinda money they spending

[Numb3r4]

Petro-tuner

Ah wah ah wuck in dey

Yeah an ZR and bluesclues will be on the board and Zetski and Desi will be managers.

Is a Petro wuk ah seein dey?? GT.

*walks in*
*sees board*
*sees managers*
*tears up resume*
And because ZR has experience in industry (based on his previous posts), he'll run circles around the rest of them. Buhbawl like dat and the rest will be nodding up and down more than the pumping jacks themselves.
Ting to cry, we kicksin' off yes.

We're very happy in this country....

[nervewrecker]

http://edition.pagesuite.com/popovers/d ... 65e584d4eb

Dear Sirs,

I write as a concerned citizen and former employee of Petrotrin regarding the decision to close the Pointe-a-Pierre refinery.

I am sure that this decision was not an easy one for either the Board of Petrotrin or for the Government and that it was taken in the belief that it would be better in the long run for the country.

I cannot help but wonder though, whether, in arriving at the decision, due consideration was given to the wider socio-economic issues beyond the company’s bottom line, and the future growth and development of the country, particularly for our young people.

While we have had closures before in other industries, the sheer magnitude of the refinery shutdown in terms of socio-economic fallout is mind-boggling since virtually every business—small, medium, and large throughout the Central and South in particular— will be drastically affected. This will trickle down to virtually every person eventually throughout the country with horrific health and social implications.

But bad as that is, there is another critical fallout which I believe no one has considered: the role of the refinery in technical manpower development in T&T.

Simply put: closing the refinery will remove the top-level technical jobs available to our people, but worse, it will remove the opportunity for young people to develop world-class, globally in-demand technical skills. Do we really want such a limited future for our youth? Over the last 100 years, T&T has developed a global reputation for highly skilled workers in every aspect of the energy business.

There is no country in the world involved in the petroleum business that has not/does not tap into our technical manpower base and this includes operators, service providers, and construction contractors. Whilst at MIC, I was present in a meeting with Kellog, Brown & Root (KBR), one of the world’s largest construction firms, who told us that one of the first things they do when they land a major contract is to visit Trinidad to source their skilled workers.

Not long ago, the second largest construction firm in India came to Trinidad to seek partnerships with local service providers to access our skills after landing a multi-billion dollar contract in Ghana.

All the oil producing nations of Africa have visited T&T no less than three times each over the last 15 years to learn from us.

‘The refinery—the primary on-the-job training ground’

Since the mid-1940s, the training which the oil industry has provided has been mainly responsible for the development of that skills reputation. Others have also contributed (eg, Caroni, T&TEC) but for sheer scope, depth, and breadth of training opportunities the oil industry kept us at the forefront in terms of numbers trained level of technology, and scope of disciplines. And, among the oil companies, the refinery itself would have stood out above all else because of the extent of equipment and processes involved.


It is important to know, Sirs, that, although the industry itself will still be here with or without the refinery, the training opportunities will disappear since the upstream multinationals (BP, BG, Repsol, BHP Billiton etc) do not participate in any meaningful way in providing trainees with the on-the-job training opportunities.

It is also useful to note the same applies to all the plants in Point Lisas who do virtually no on-the-job training.

Given their relatively small employee base (300-400 per plant) they view the setting up of training facilities and organisation structure required as not economically feasible.

It is noteworthy that the refinery at Pointe-a-Pierre in terms of size and number of plants, and manpower, is the equivalent of virtually all the plants in Point Lisas put together.

Without the on-the-job exposure, the training is largely incomplete as competencies cannot be fully attained in classrooms and labs. To develop a competent worker requires both institutional learning and industry learning.

Without either, training will be incomplete.

In 1982, Texaco closed all its training schemes, cutting off the most significant technical manpower supply to the industry, and indeed, to the country. By 1995, when the human resource capital built up over the previous decades was exhausted, the leaders in the petrochemical industry will well remember the fight to secure highly skilled workers to facilitate the rapid expansion. Poaching was the order of the day and was responsible in large measure for the rapid rise in wages and salaries in the sector.

Despite the intervention of the various governments since 1995 to fill the training gap left by Texaco, et al, through the establishment of excellent training facilities and programmes (MIC-NSDP, NESC, TTIT, UTT) costing in the billions, the absence of meaningful onthe-job training where the competencies are really developed has meant that the objective of producing ready-to-work outputs of the highest calibre has not been fully realised.

The refinery—as the primary on-the-job training ground for T&T’s skilled technical experts—is critical for keeping our manpower at the forefront of technological development.

‘Honest, open, meaningful dialogue needed among stakeholders’

All will know that an apprenticeship certificate from Texaco, and later from its successor companies was a passport to any developed country. Shutting down the refinery will remove this critical component from our ability to produce highly skilled Craftsmen, Technicians, Technologists, and Engineers and, by extension, reduce drastically the opportunities for high skills development and maintaining that pride of place we have/had in the global village.

Two years ago, a close friend visited Aruba on holiday and remarked quite casually to a taxi driver that he did not see many young people around. The driver replied that, since the closure and removal of the refineries, there have been very limited opportunities for the youth, who could only look forward to driving taxis, manning a table at the casinos 1or becoming store clerks. The higher order jobs had disappeared.

With the absence of the refinery, it is not difficult to project the youth of T&T being in the same position in 20 years—not a pretty picture at all.

The closure of the refinery following the closure of Caroni and the inability to make the cocoa/ coffee industry into a major manufacturing activity means, in effect, we have been slowly removing the opportunities for the higher profile jobs. We are squandering the advantages we were so generously bestowed.

Mr Prime Minister, the Board of any business must put the bottom line ahead of everything else to ensure the survival of the business.

A government, on the other hand, must be concerned about where the country will be in the future and especially what opportunities will exist for its people and, in particular, its youth.

Sirs, the fallout from the closure of the refinery is simply too horrific to comprehend and requires yet another honest, open, and meaningful dialogue among all the stakeholders to find a better alternative.

I join with the tens of thousands of people who will be affected in beseeching you to think again before implementing this extreme decision.

HARRIS KHAN,

Petrotrin retiree who was responsible for training at Texaco/ Trintoc/Petrotrin, and at the executive level in the establishment of all of the major training initiatives in T&T over the last 25 years (MIC/NSDP, NESC, TTIT, UTT)

[hydroep]

^Perhaps that is part of the plan. Step 1: Break the Unions. Step 2: remove the opportunities for upward mobility. The youths who can make better for themselves will migrate. The remainder will become statistics of structural unemployment and join the already large pool of uneducated/unskilled labour which the 1% can exploit. The influx of Venezuelan refugees will just exacerbate the situation in what will be an employers market.

Grate is the Pee oN deM...

[Numb3r4]

^Perhaps that is part of the plan. Step 1: Break the Unions. Step 2: remove the opportunities for upward mobility. The youths who can make better for themselves will migrate. The remainder will become statistics of structural unemployment and join the already large pool of uneducated/unskilled labour which the 1% can exploit. The influx of Venezuelan refugees will just exacerbate the situation in what will be an employers market.

Grate is the Pee oN deM...

Massa day done.

[Joshie23]

http://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=81dbae35-5f63-4168-a136-aa65e584d4eb

Dear Sirs,

I write as a concerned citizen and former employee of Petrotrin regarding the decision to close the Pointe-a-Pierre refinery.

I am sure that this decision was not an easy one for either the Board of Petrotrin or for the Government and that it was taken in the belief that it would be better in the long run for the country.

I cannot help but wonder though, whether, in arriving at the decision, due consideration was given to the wider socio-economic issues beyond the company’s bottom line, and the future growth and development of the country, particularly for our young people.

While we have had closures before in other industries, the sheer magnitude of the refinery shutdown in terms of socio-economic fallout is mind-boggling since virtually every business—small, medium, and large throughout the Central and South in particular— will be drastically affected. This will trickle down to virtually every person eventually throughout the country with horrific health and social implications.

But bad as that is, there is another critical fallout which I believe no one has considered: the role of the refinery in technical manpower development in T&T.

Simply put: closing the refinery will remove the top-level technical jobs available to our people, but worse, it will remove the opportunity for young people to develop world-class, globally in-demand technical skills. Do we really want such a limited future for our youth? Over the last 100 years, T&T has developed a global reputation for highly skilled workers in every aspect of the energy business.

There is no country in the world involved in the petroleum business that has not/does not tap into our technical manpower base and this includes operators, service providers, and construction contractors. Whilst at MIC, I was present in a meeting with Kellog, Brown & Root (KBR), one of the world’s largest construction firms, who told us that one of the first things they do when they land a major contract is to visit Trinidad to source their skilled workers.

Not long ago, the second largest construction firm in India came to Trinidad to seek partnerships with local service providers to access our skills after landing a multi-billion dollar contract in Ghana.

All the oil producing nations of Africa have visited T&T no less than three times each over the last 15 years to learn from us.

‘The refinery—the primary on-the-job training ground’

Since the mid-1940s, the training which the oil industry has provided has been mainly responsible for the development of that skills reputation. Others have also contributed (eg, Caroni, T&TEC) but for sheer scope, depth, and breadth of training opportunities the oil industry kept us at the forefront in terms of numbers trained level of technology, and scope of disciplines. And, among the oil companies, the refinery itself would have stood out above all else because of the extent of equipment and processes involved.


It is important to know, Sirs, that, although the industry itself will still be here with or without the refinery, the training opportunities will disappear since the upstream multinationals (BP, BG, Repsol, BHP Billiton etc) do not participate in any meaningful way in providing trainees with the on-the-job training opportunities.

It is also useful to note the same applies to all the plants in Point Lisas who do virtually no on-the-job training.

Given their relatively small employee base (300-400 per plant) they view the setting up of training facilities and organisation structure required as not economically feasible.

It is noteworthy that the refinery at Pointe-a-Pierre in terms of size and number of plants, and manpower, is the equivalent of virtually all the plants in Point Lisas put together.

Without the on-the-job exposure, the training is largely incomplete as competencies cannot be fully attained in classrooms and labs. To develop a competent worker requires both institutional learning and industry learning.

Without either, training will be incomplete.

In 1982, Texaco closed all its training schemes, cutting off the most significant technical manpower supply to the industry, and indeed, to the country. By 1995, when the human resource capital built up over the previous decades was exhausted, the leaders in the petrochemical industry will well remember the fight to secure highly skilled workers to facilitate the rapid expansion. Poaching was the order of the day and was responsible in large measure for the rapid rise in wages and salaries in the sector.

Despite the intervention of the various governments since 1995 to fill the training gap left by Texaco, et al, through the establishment of excellent training facilities and programmes (MIC-NSDP, NESC, TTIT, UTT) costing in the billions, the absence of meaningful onthe-job training where the competencies are really developed has meant that the objective of producing ready-to-work outputs of the highest calibre has not been fully realised.

The refinery—as the primary on-the-job training ground for T&T’s skilled technical experts—is critical for keeping our manpower at the forefront of technological development.

‘Honest, open, meaningful dialogue needed among stakeholders’

All will know that an apprenticeship certificate from Texaco, and later from its successor companies was a passport to any developed country. Shutting down the refinery will remove this critical component from our ability to produce highly skilled Craftsmen, Technicians, Technologists, and Engineers and, by extension, reduce drastically the opportunities for high skills development and maintaining that pride of place we have/had in the global village.

Two years ago, a close friend visited Aruba on holiday and remarked quite casually to a taxi driver that he did not see many young people around. The driver replied that, since the closure and removal of the refineries, there have been very limited opportunities for the youth, who could only look forward to driving taxis, manning a table at the casinos 1or becoming store clerks. The higher order jobs had disappeared.

With the absence of the refinery, it is not difficult to project the youth of T&T being in the same position in 20 years—not a pretty picture at all.

The closure of the refinery following the closure of Caroni and the inability to make the cocoa/ coffee industry into a major manufacturing activity means, in effect, we have been slowly removing the opportunities for the higher profile jobs. We are squandering the advantages we were so generously bestowed.

Mr Prime Minister, the Board of any business must put the bottom line ahead of everything else to ensure the survival of the business.

A government, on the other hand, must be concerned about where the country will be in the future and especially what opportunities will exist for its people and, in particular, its youth.

Sirs, the fallout from the closure of the refinery is simply too horrific to comprehend and requires yet another honest, open, and meaningful dialogue among all the stakeholders to find a better alternative.

I join with the tens of thousands of people who will be affected in beseeching you to think again before implementing this extreme decision.

HARRIS KHAN,

Petrotrin retiree who was responsible for training at Texaco/ Trintoc/Petrotrin, and at the executive level in the establishment of all of the major training initiatives in T&T over the last 25 years (MIC/NSDP, NESC, TTIT, UTT)

Wow. Amazing read. But according to the engineer in the previous post, the economic fallout shouldn't be that bad. The economy will bounce back and recover. Meh. Plus, our goodly PM has provided jobs for the Petrotrin workers in the La Brea Drydock Project. The same 'incompetent, lazy, overpaid so on and so forth' workers, they've 'made provisions' for. Another entity for 'workers' to firetruck up and waste taxpayers dollars in. I used to crack up when I heard people say 'Trinidad is not a real place', because it was usually attached to something hilarious. It's not such a funny statement anymore.

[Monkey Man]

NEWSFLASH PAL....
wasa is next

[ADONI]

NEWSFLASH PAL....
wasa is next

Time to dig a pond and catch rain water in a barrel... Bring back the ole time days...

[kstt]

Will we be getting TD4 forms in January 2019 for Income Tax Return???????

[car]

Will we be getting TD4 forms in January 2019 for Income Tax Return???????

They should mail it to your address.

[Mr President]

How long would it take(ROI) to re-coup the $8Billion investment needed to upgrade and restructure Petrotrin?

[shake d livin wake d dead]

So no gas supplier as yet...minister says there is a 20 day supply of fuel left after the closure...very interesting statements here...it is highly possible that there would be a rise in fuel prices

[kstt]

Is it a coincidence that October 1st Budget Day is the same day that Petrotrin starts sending home workers?

#distraction

[Duane 3NE 2NR]

Gov't still looking for supplier of fuel for local market

[neilsingh100]

Even Marla Dukharan on CNC3 making fun of Petrotrin by calling it a big make work programme.

I have to say I commend the government for making this bold move to shutdown what is a loss making state enterprise and perhaps a big make work programme.

Comments made in Youtube video at 18:51

[sinister_14]

Gov't still looking for supplier of fuel for local market

And the cunny awards goes to the peenm.... take a bow trinidad and tobago you all put them there....

[nervewrecker]

So no gas supplier as yet...minister says there is a 20 day supply of fuel left after the closure...very interesting statements here...it is highly possible that there would be a rise in fuel prices

So you feel I does be talking tootoo oh wah? Price hike coming.

[pugboy]

What aboutpricing for kerosene and ship fuel

[sinister_14]

So no gas supplier as yet...minister says there is a 20 day supply of fuel left after the closure...very interesting statements here...it is highly possible that there would be a rise in fuel prices

So you feel I does be talking tootoo oh wah? Price hike coming.

I guess d rest of the country brain dead and cant see this...they gonna come last minute when that 20 day reserve almost done and say...Ahh we get a supplier but we have to pay the international price so therefore the gas price is higher... charged more at the pumps no more subsidy...more money for them to thief...you feel dem jackass in govt stupid they always have a plan to fatten their pockets come nah man...and all yuh ent riot yet.....

[hydroep]

Allyuh realise this playing out like the sea-bridge fiasco? Despite assurances for a "smooth transition", they took the Super Fast Galicia out of service without making proper arrangements for a replacement vessel and look how that turned out.

Anyways, allyuh vote fuh dat. Grate is the Pee oN deM...

[*$kїđž!™]

So wdf they made this decision without having things in place..?..i thought they already signed deals with suppliers in venezuela..
What kinda nonsense i hearing here...wdf ...

[Mr President]

Meanwhile..
Global oil ends at a nearly 4-year high as producers rebuff Trump’s demand to keep crude prices low

Oil futures surged Monday, with global benchmark crude prices scoring their highest settlement in nearly four years and U.S. benchmark crude finishing the session at a more than two-month high.

Major oil producers declined to commit to an additional increase in crude output to address expected supply disruptions at a closely watched producer meeting over the weekend.

November Brent LCOX8, +1.12% rose $2.40, or nearly 3.1%, to settle at $81.20 a barrel on the ICE Futures Europe exchange, following a weekly advance for crude of 0.9%. Global benchmark oil futures marked the highest settlement Nov. 12, 2014, according to Dow Jones Market data.
https://www.marketwatch.com/story/oil-p ... 2018-09-24

[Allergic2BunnyEars]

[Rory Phoulorie]

NEWSFLASH PAL....
wasa is next

Time to dig a pond and catch rain water in a barrel... Bring back the ole time days...

Nothing wrong and no shame in harvesting rain water. The clouds are a much more reliable water source than WASA.