Petrotrin refinery shut down

[hydroep]

Moonilal tells Franklin Khan: Clear the air on Arlene Chow
Seeta Persad

MP for Oropouche East Dr Roodal Moonilal has called for Energy Minister Franklin Khan to immediately clarify the role of Arlene Chow, who he said had been appointed in a “most dubious and suspicious manner.”

Speaking at the UNC’s Pavement Report meeting at the Rio Claro Presbyterian School on Wednesday night, Moonilal said there is continued corruption at the Heritage Petroleum Company Ltd (HPCL).

“Since 2015 Petrotrin has been a playground for the incompetent to serve the corrupt,” he charged.
Two advertisements contradict each other, Moonilal said, as the company issued a newsletter saying Chow is the new CEO of HPCL, while the communications officer said she was the interim CEO.
"There can be no interim CEO who is recruited externally. Such a position is normally filled by an internal manager," he said.

So if Chow is a substantive CEO, Moonilal asked ,when was the position advertised? When did interviews take place? Who interviewed candidates? What is Chow’s compensation?

He wants Khan to tell the country whether she is temporary or permanent.

Either way, he asked, how did she get this position? Is Chow reporting to the board of Heritage or its chairman, Michael Quamina?

It seems Chow is a “concussion sub,” he said – a substitute who comes out to bat for an injured player, as Jermaine Blackwood did for Darren Bravo in the second West Indies vs India Test match.

“The PNM busy putting party hacks on executive positions in the Petrotrin descendant companies,” he declared. “It’s square pegs in round holes all over.

"They doing this to ensure that they sell off the valuable assets of the oil industry. Their party financiers and wheeler-dealers are queuing up salivating at the trough in heat, anticipating the asset-stripping show that is imminent . They want to get their paws on the multi-billion-dollar refinery.”

Moonilal demanded “on behalf of the people” that Keith Rowley and his “minions and personal lawyers keep their hands off the assets of the people, in the few days they have left.

"I demand that they do not sell off…even a Bic ballpoint pen owned by the people.”

https://newsday.co.tt/2019/09/04/moonilal-tells-franklin-khan-clear-the-air-on-arlene-chow/

[hydroep]

OWTU wins Pointe-a-Pierre refinery with US$700m bid
Elizabeth Gonzales

THE Oilfield Workers Trade Union (OWTU) has won the bid for the Pointe-a-Pierre refinery with a US$700 million offer which Government has accepted, Finance Minister Colm Imbert announced this afternoon.

The former Petrotrin refinery operations – now called Guaracara Refining Company Ltd– was sold to Patriotic Energies and Technologies Co Ltd, which is wholly-owned by the OWTU.

Imbert made the announcement in Parliament saying Government saw Patriotic as the most suitable buyer over Beowulf Energy and a third company, Klesch.

Imbert said from the results for the request for proposals for the sale of the refinery, Patriotic was the only bidder that offered an upfront consideration of US$700 million. Beowulf offered a US$42 million lease per month over a 15-year term and the Klesch proposal indicated the only payment to Government would be through taxes.

https://newsday.co.tt/2019/09/20/owtu-group-wins-pointe-a-pierre-refinery-with-us700m-bid/

[VexXx Dogg]

OWTU wins Pointe-a-Pierre refinery with US$700m bid
Elizabeth Gonzales

THE Oilfield Workers Trade Union (OWTU) has won the bid for the Pointe-a-Pierre refinery with a US$700 million offer which Government has accepted, Finance Minister Colm Imbert announced this afternoon.

The former Petrotrin refinery operations – now called Guaracara Refining Company Ltd– was sold to Patriotic Energies and Technologies Co Ltd, which is wholly-owned by the OWTU.

Imbert made the announcement in Parliament saying Government saw Patriotic as the most suitable buyer over Beowulf Energy and a third company, Klesch.

Imbert said from the results for the request for proposals for the sale of the refinery, Patriotic was the only bidder that offered an upfront consideration of US$700 million. Beowulf offered a US$42 million lease per month over a 15-year term and the Klesch proposal indicated the only payment to Government would be through taxes.

https://newsday.co.tt/2019/09/20/owtu-group-wins-pointe-a-pierre-refinery-with-us700m-bid/

Wut

[snypaz]

How could they even afford that? Also a upfront payment?

[Numb3r4]

^^^ That has to be most amount of money spent to buy votes in one fell swoop.

Well I'm glad...I guess.

That is somewhat good.

[VexXx Dogg]

PNM just won the 2020 election

[zoom rader]

^^^ That has to be most amount of money spent to buy votes in one fell swoop.

Well I'm glad...I guess.

That is somewhat good.

Well its not 99% money spending

Just as I keep telling you all trade unions are a sub division of PNM

They got paid when PNM stole elections and now they got another set of money given to them.

But don't worry now capped wells will be opened

[zoom rader]

PNM just won the 2020 election

Are you surprised? I told all you this last year, ask Redman


PNM trade unions just stole the elections

[vaiostation]

Ah hope men have they application inside...

[bluefete]

^^^ That has to be most amount of money spent to buy votes in one fell swoop.

Well I'm glad...I guess.

That is somewhat good.

Well its not 99% money spending

Just as I keep telling you all trade unions are a sub division of PNM

They got paid when PNM stole elections and now they got another set of money given to them.

But don't worry now capped wells will be opened

OWTU partnered with a firm in Spain to put together their bid. I wondered why Smiley said around July 2019 that an international firm would get the bid.

Anyway, let's see how they run it.

[speedmelter]

According to the newsday, the minister Imbert said that Beowulf offered to lease it at $42 million USD per month for 15 years. That’s 7.56 billion usd over that period and could cover the 700 mill owtu paid in 17 months. Why would they not accept that deal?

[neilsingh100]

OWTU bid seems too good to be true when compared to the other bids. The next hurdle for them is to show they can raise the US$700 million.

[neilsingh100]

According to the newsday, the minister Imbert said that Beowulf offered to lease it at $42 million USD per month for 15 years. That’s 7.56 billion usd over that period and could cover the 700 mill owtu paid in 17 months. Why would they not accept that deal?

Beowulf offered US$42,000/month for 15 years
http://www.youtube.com/watch?v=jwtb6FgTLkg&t=180m40s

[K_J_R]

Jun 2019 - "He said that no lo­cal com­pa­ny could han­dle the size and com­plex­i­ty of the old Pointe-a-Pierre Re­fin­ery".

""Guaracara Re­fin­ing and ter­mi­nalling (stor­age) fa­cil­i­ties is very like­ly to be leased to a pri­vate op­er­a­tor. Very like­ly, an in­ter­na­tion­al op­er­a­tor be­cause there is no in­dige­nous ca­pac­i­ty to run a re­fin­ery of that size and com­plex­i­ty. We will be fo­cus­ing on Her­itage," Khan said"

http://guardian.co.tt/news/owtu-wants-c ... c99b90e5ea


http://www.guardian.co.tt/news/foreign- ... 3e58e4c6e3

[Country_Bookie]

We shall overcome some day........

This is gonna be interesting, assuming they actually have the 700m. Who do the workers turn to when they have a grievance with management??

Will they hire the best ppl for the jobs or will it be eat a food mentality gone wild??

[speedmelter]

According to the newsday, the minister Imbert said that Beowulf offered to lease it at $42 million USD per month for 15 years. That’s 7.56 billion usd over that period and could cover the 700 mill owtu paid in 17 months. Why would they not accept that deal?

Beowulf offered US$42,000/month for 15 years
http://www.youtube.com/watch?v=jwtb6FgTLkg&t=180m40s

Yes same thing I just asked, Beowulf don’t wanna purchase and paying more than ten times the amount owtu paying just to lease. Why didn’t they do that route?

[snypaz]

*$42,000 not 42 million. I was also wondering about this but Colm was clear.

According to the newsday, the minister Imbert said that Beowulf offered to lease it at $42 million USD per month for 15 years. That’s 7.56 billion usd over that period and could cover the 700 mill owtu paid in 17 months. Why would they not accept that deal?

[sMASH]

any other investors?

[speedmelter]

*$42,000 not 42 million. I was also wondering about this but Colm was clear.

According to the newsday, the minister Imbert said that Beowulf offered to lease it at $42 million USD per month for 15 years. That’s 7.56 billion usd over that period and could cover the 700 mill owtu paid in 17 months. Why would they not accept that deal?

Ok that clears it up. sheit reporting by the press as usual I guess

[Redman]

PNM just won the 2020 election

Are you surprised? I told all you this last year, ask Redman


PNM trade unions just stole the elections

No they eh steal anything.
They about to pay 700M

[sMASH]

the spanish company is an operations company. are there any additional investors into this venture?

[De Dragon]

PT dead now.

[zoom rader]

PT dead now.

Nope its non 99%

[De Dragon]

PT dead now.

Nope its non 99%

Much as you may despise them, they know how to make money. Who is going to ensure that PT is disciplined enough now to do that? Roget? Warwick?

[zoom rader]

PT dead now.

Nope its non 99%

Much as you may despise them, they know how to make money. Who is going to ensure that PT is disciplined enough now to do that? Roget? Warwick?

They will be puppets

Remember they are a PNM trade union

[pugboy]

so they gonna upgrade the refinery to produce fuel of similar quality to what we getting now
or back to the old dirty diesel ?

[vaiostation]

Hopefully when de refinery start back up, Monkey Man will be able to get back his job, and would now be able to buy internet, and soon return to 2ner...

[Cantmis]

In line with gtl start up ?

[shake d livin wake d dead]

So OWTU have 700mili usd in an account stashed away...nice nice

[zoom rader]

So OWTU have 700mili usd in an account stashed away...nice nice

Well its not 99% money