Petrotrin update: now Trinidad Petroleum Holdings Ltd

[The_Honourable]

Guy Smiley deny any takeover going on

[zoom rader]

Who bought the railway ?

A scrap iron dealer that sold the trains to Brazil.

It was a collaboration between him and the then new car dealers lobbying PNM to scrap the trains.

French Creoles made a mint with new car sales and insurance.

At the same time NP was formed.

[Gem_in_i]

Govt intends to sell Petrotrin?

[zoom rader]

Govt intends to sell Petrotrin?

Was always on PNM agenda just like they got rid of Caroni.

1% lined up the dots by getting investing in energy in the 2000s

Sad part is tax payers to foot bill while new owners will most likely get tax breaks.

Redman go want proof but as before he's always late in the dance and he can't read future upcomings.

[SR]

Selling petrotrin to a private entity saves the government from having to deal with roget. Re evaluation of all jds and assessment on a full days work. Reality is that all government run insitutions are overstaffed and underproductive..

[zoom rader]

Selling petrotrin to a private entity saves the government from having to deal with roget. Re evaluation of all jds and assessment on a full days work. Reality is that all government run insitutions are overstaffed and underproductive..

Yep but your can't have a monopoly on labour. The 1% will do as they please when it comes paying ppl.

Ansa pays ppl crappy and treats them like trash.

Our labour laws are primitive and protects emoyers.

[Redman]

So it's a PNM ploy,but it makes sense and you agree with it.

[zoom rader]

So it's a PNM ploy,but it makes sense and you agree with it.

They have to obey their masters at this stage

Fact is government must stick to running a country rather than ruining a bussiness.

Do I support selling Petrotrin?
Yes and all other goverments businesses .

Only problem is workers will be taken advantage of because or our weak labour laws.

In the end new owners win
Tax payers loose
Workers reduced to indenturedship type work.
Soon it will impossible to change jobs as 1% takes over energy companies.
We have seen what IPSL did with PT Lisas, at one stage it was difficult to change jobs as there was a pack among the estate companies to stop workers jumping ships

[Redman]

Thats a yes.

Of course the rest about labor laws is speculative

And the rest of the energy sector may provide an indication of the private sector treats with its workers.

and before you cherry pick there are many on both sides of the fence on that.

[zoom rader]

Thats a yes.

Of course the rest about labor laws is speculative

And the rest of the energy sector may provide an indication of the private sector treats with its workers.

and before you cherry pick there are many on both sides of the fence on that.

Our labour laws protects the employers.

Employers have the world of lawyers
You as an individual without a union is ketch arse for you.
Plus your lawyer can't be trusted as most often they are brought out by your employer.

Nothing is in favour as you the worker
It's one of reasons why I stopped working in Trini

[Redman]

Again with generalizations....but dais you.

[zoom rader]

Again with generalizations....but dais you.

No bro those are the truths

Sometime from now when it comes to pass like the many others I will remind you when I said it.

[airuma]

Thats a yes.

Of course the rest about labor laws is speculative

And the rest of the energy sector may provide an indication of the private sector treats with its workers.

and before you cherry pick there are many on both sides of the fence on that.

Our labour laws protects the employers.

Employers have the world of lawyers
You as an individual without a union is ketch arse for you.
Plus your lawyer can't be trusted as most often they are brought out by your employer.

Nothing is in favour as you the worker
It's one of reasons why I stopped working in Trini

If this so, then why is Ancil Roget trying to tell everyone how to restructure petrotrin and nobody telling Ancil Roget how to be a GOOD union leader....... notice I said GOOD and not better or best!

Maybe the answer is in this statement "You as an individual without a union is ketch arse for you".... so in other words, if the labour laws provide sufficient protection for the workers, the unions might become redundant!

[wing]

From what Ive been told- the GORTT is discussing partial owner ship with private sector groups.

No where close to the % above.
Trinmar is the crown jewel.

Trinmar is not the crown jewel, it does not produce enough ie 28000 bpd to make a dent via crude sales. The real money is made via refined products.
The refinery however, requires mostly imported crude to operate at 160000bpd. The trick is that not all crude is the same, Petrotrin buys a lot of cheap crude of lower quality, but is still able to sell products at close to top market prices ie margins.

[wing]

The real jewels in Petrotrin are the new and upgraded plants, but all the potential is wasted by poor management, poor utilities and a bloated workforce. Not to mention the debt payments that are due in 2019 and 2022......as a result of poor management.

[pugboy]

I ain't too sure the labor laws protect employers
At the end of the day all of the state agencies are over staffed, overpaid. U derperforming
And the employers cannot do anything about it due to union powers

[hydroep]

Maybe the truth is more along the lines of "the laws protect PRIVATE employers". Hence the reason Arcelormittal was literally able to F#(k the Union and their members up the arse with little consequence.

Is only Government eh have the balls to deal with them, that's why they can hold the country to ransom. Just think back to the rationalization given by Sh!tkicker last year after acceding to the OWTU when they threatened to shut down Petrotrin...

[airuma]

Maybe the truth is more along the lines of "the laws protect PRIVATE employers". Hence the reason Arcelormittal was literally able to F#(k the Union and their members up the arse with little consequence.

Is only Government eh have the balls to deal with them, that's why they can hold the country to ransom. Just think back to the rationalization given by Sh!tkicker last year after acceding to the OWTU when they threatened to shut down Petrotrin...

Mr. Mittal had the union on his side a long time before.

[steverandolph]

Thank Jah for Keith Rowley.He had the strenght and will to fix Petrotrin.Way the forensic reportbthat the PP govt said they were going to do in their first 100 days in office ? Instead they put that old geezer Khalid as president and their friends to work there.
Same thing with wasa, undervPP they rented 200 vehicles for every Tom and Harrilal to drive.That number is now less.

If is true then Massy and Ansa should really buy Petro.The company has aging assets, massive debts and OVERSTAFFED. Zoomie should get one ah dem indian betis for Keithos to wine up on for carnival

[The_Honourable]

Thank Jah for Keith Rowley.He had the strenght and will to fix Petrotrin.Way the forensic reportbthat the PP govt said they were going to do in their first 100 days in office ? Instead they put that old geezer Khalid as president and their friends to work there.
Same thing with wasa, undervPP they rented 200 vehicles for every Tom and Harrilal to drive.That number is now less.

If is true then Massy and Ansa should really buy Petro.The company has aging assets, massive debts and OVERSTAFFED. Zoomie should get one ah dem indian betis for Keithos to wine up on for carnival

It's not about strength and will, he reaching to the point that he doesn't have a choice. Best believe if energy prices was up, he would have done the same as previous governments and eat ah food.

[zoom rader]

Thank Jah for Keith Rowley.He had the strenght and will to fix Petrotrin.Way the forensic reportbthat the PP govt said they were going to do in their first 100 days in office ? Instead they put that old geezer Khalid as president and their friends to work there.
Same thing with wasa, undervPP they rented 200 vehicles for every Tom and Harrilal to drive.That number is now less.

If is true then Massy and Ansa should really buy Petro.The company has aging assets, massive debts and OVERSTAFFED. Zoomie should get one ah dem indian betis for Keithos to wine up on for carnival

Yeah thanks for Rowley

He brought fake oil

[Redman]

Correction.
he eh bring it...








dem wells still capped.

There must be a reason that there is a company that is accused of a 12m USD fraud...and no one has thought to limit the company's ability to liquidate assets and move money.

get assets and money out....claim bankruptcy when you lose case...

[zoom rader]

Correction.
he eh bring it...








dem wells still capped.

Money done pass

[Redman]

no papi.

That was a down payment before elections....

I said here- if they do it right-this will bring down a govt.

[airuma]

no papi.

That was a down payment before elections....

I said here- if they do it right-this will bring down a govt.

Downpayment on both sides of the coin? Don't we have a SC opposition leader?

[airuma]

BTW, was/ is AV the only lease operator? or the only lease operator to get caught?
Is it that he "took one for the boys" or was he being too greedy?
I have heard people say that he used to boast that he and Rowls sleep in the same bed and eat from the same plate and Rowls did admit to calling him when he heard about it which was very inappropriate.

[teems1]

Thank Jah for Keith Rowley.He had the strenght and will to fix Petrotrin.Way the forensic reportbthat the PP govt said they were going to do in their first 100 days in office ? Instead they put that old geezer Khalid as president and their friends to work there.
Same thing with wasa, undervPP they rented 200 vehicles for every Tom and Harrilal to drive.That number is now less.

If is true then Massy and Ansa should really buy Petro.The company has aging assets, massive debts and OVERSTAFFED. Zoomie should get one ah dem indian betis for Keithos to wine up on for carnival

Why sell to a private company who are known financiers of a political party?

Can't they simply restructure, resource allocate and trim the fat themselves?

The privatization of country's resources never ends up working for the population. Trickle down does not exist in this economy. Look at Russian mineral wealth which was sold to the oligarchs.

[nervewrecker]

BTW, was/ is AV the only lease operator? or the only lease operator to get caught?
Is it that he "took one for the boys" or was he being too greedy?
I have heard people say that he used to boast that he and Rowls sleep in the same bed and eat from the same plate and Rowls did admit to calling him when he heard about it which was very inappropriate.

Only one to get caught afaik.

[Redman]

BTW, was/ is AV the only lease operator? or the only lease operator to get caught?
Is it that he "took one for the boys" or was he being too greedy?
I have heard people say that he used to boast that he and Rowls sleep in the same bed and eat from the same plate and Rowls did admit to calling him when he heard about it which was very inappropriate.

Well you asking is OVER INVOICING is uncommon.
Maybe a little uncommon for actual oil-but its been happen for YEARS.
While they hanging one man-there is a bunch of people still un named that did/doing their part in the racket.

Petrotrin like every other state enterprise is the place where over invoicing is the norm.

Consumable supplies disappear,the co is invoiced for work not done,for goods not received, material disappears...jobs set up to max out over time.

From toilet paper up to oil there are illegal activities that abound.

From employees charging for services the co provides to management lining their nest egg with lump sum retirement packages, then coming back as consultants-despite retiring for health reasons. Signed off by the President of the co no less

The tax payer pays for that.

[Pointman-IA]

There are alot of small enterprises (catering, landscaping, etc), communities, religious bodies and schools that have benefitted from Petrotrin.

When it is privatised, I hope the wider community doesn't complain of Petrotrin being a selfish entity.