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Petrotrin refinery shut down

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K74T
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Re: Petrotrin refinery shut down

Postby K74T » October 31st, 2020, 3:01 pm

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Re: Petrotrin refinery shut down

Postby elec2020 » October 31st, 2020, 3:04 pm

Allergic2BunnyEars wrote:
elec2020 wrote:Redman thanks for that information. I would really like to see more statistics on petrotrin's business operations. Alas everything is kept in secret here. Some things still confuse me. As, if petrptrin was a net earner of foreign exchange why were they in such an impossible foreign debt position. Yes u can argue that ineptitude and corruption were some of the comtributing factors. But why the need for so much foreign funds if u were a net foreign earner. Idk nah. But end of the day. They had to be restructured. I think at least that is not up for debate


Foreign debt position due to bonds taken in 2007 and 2009. One bond in particular had a bullet payment worth the full principle due in 2019 and has since been restructured and attached to Heritage.


Thanks for the info

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Re: Petrotrin refinery shut down

Postby elec2020 » October 31st, 2020, 3:06 pm

Redman wrote:
elec2020 wrote:Redman thanks for that information. I would really like to see more statistics on petrotrin's business operations. Alas everything is kept in secret here. Some things still confuse me. As, if petrptrin was a net earner of foreign exchange why were they in such an impossible foreign debt position. Yes u can argue that ineptitude and corruption were some of the comtributing factors. But why the need for so much foreign funds if u were a net foreign earner. Idk nah. But end of the day. They had to be restructured. I think at least that is not up for debate


Most of our oil related biz for the country https://www.energy.gov.tt/publications/

Some of Petrotrins financials
http://trinidadpetroleum.co.tt/investor ... tatements/

To get at the financials to 08 I had to sift through Parliaments website for whatever was submitted.

They took the Petrotrin website down so fast....hmmm

it is a tough assessment to make-IMHO Petrotrin was never allowed to operate as it should have. Petrotrin run properly would have been an asset to keep going.

Petrotrin as it was in 2017 needed to be fixed.


A while back Hassanali gave a business guardian interview where his numbers indicated that they were paying 10-20% over WTI for oil that was trading below WTI.
with the average for the time period being 90 ish-you could see that real money was being made.

The numbers were there- but crickets.
The unions did their part as well.
So from Top to bottom mankind was sucking the co dry.


Thanks for the info i will go through when i get the chance. However the best way to run rackett is by hiding reports and keeping quiet if i getting a piece.

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wing
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Re: Petrotrin refinery shut down

Postby wing » October 31st, 2020, 3:40 pm

MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.

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Re: Petrotrin refinery shut down

Postby K74T » October 31st, 2020, 3:58 pm

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Re: Petrotrin refinery shut down

Postby Allergic2BunnyEars » October 31st, 2020, 3:59 pm

wing wrote:MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.


Quick set up of media conference seems like they just going to announce Patriotic was not successful.

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Re: Petrotrin refinery shut down

Postby rebound » October 31st, 2020, 4:15 pm

Allergic2BunnyEars wrote:
wing wrote:MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.


Quick set up of media conference seems like they just going to announce Patriotic was not successful.
I was thinking the opposite, if its a few elements they were waiting on and they got it, then the decision would be quick.

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wing
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Re: Petrotrin refinery shut down

Postby wing » October 31st, 2020, 4:56 pm

OWTU proposal was rejected and government to look at other options.

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Re: Petrotrin refinery shut down

Postby sMASH » October 31st, 2020, 5:00 pm

wing wrote:OWTU proposal was rejected and government to look at other options.

not sheit... did nat see dat comin' :roll:

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Re: Petrotrin refinery shut down

Postby K74T » October 31st, 2020, 5:33 pm

20201031_173242.jpeg

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Re: Petrotrin refinery shut down

Postby Allergic2BunnyEars » October 31st, 2020, 5:35 pm

rebound wrote:
Allergic2BunnyEars wrote:
wing wrote:MOE news conference at 4.30 . Moment of truth, do or die for the OWTU.


Quick set up of media conference seems like they just going to announce Patriotic was not successful.
I was thinking the opposite, if its a few elements they were waiting on and they got it, then the decision would be quick.

No details provided so we wouldn’t know if criteria met or not.

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Re: Petrotrin refinery shut down

Postby elec2020 » October 31st, 2020, 5:47 pm

K74T wrote:20201031_173242.jpeg


OWTU got played for the elections. Sorry but i feel no sympathy. It was clear that the terms they proposed (i think no repayment for the facilities till 2030) were just false promises to garner their support for the elections.

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Re: Petrotrin refinery shut down

Postby The_Honourable » October 31st, 2020, 6:17 pm

LOL...

Come on now... we ALL... ALL ALL ALL knew OWTU/Patriotic was not going to get that refinery. Yes they got played during elections, dangle that carrot in front of their faces and got walked straight into a wall of embarrassment.

They called Rowley bluff in 2018 and bid on the refinery, i'll give them that but even then Rowley's intention was to give that refinery to another entity.

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Re: Petrotrin refinery shut down

Postby sMASH » October 31st, 2020, 6:43 pm

wE nOt PaTrIoTiC

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Re: Petrotrin refinery shut down

Postby The_Honourable » October 31st, 2020, 6:52 pm

The Oilfields Workers Trade Union will be hosting a Press Conference tomorrow morning, (Sunday 1st November) to respond to the Minister of Energy’s statement and the government’s rejection of Patriotic’s bid to own the Petrotrin Refinery.

This Press Conference will be led by President General of OWTU Ancel Roget.

https://www.facebook.com/OilfieldsWorke ... 5329470112

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Re: Petrotrin refinery shut down

Postby shake d livin wake d dead » October 31st, 2020, 6:57 pm

What they gonna say??? Call election now??

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Re: Petrotrin refinery shut down

Postby elec2020 » October 31st, 2020, 7:03 pm

^ LMAO

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Re: Petrotrin refinery shut down

Postby screwbash » October 31st, 2020, 7:15 pm

enter muduro to start the refinery and hire all the vene an laugh at we locals. ha ha ha

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Re: Petrotrin refinery shut down

Postby racedriverpro » October 31st, 2020, 7:24 pm

It facking good! They should have known better than to trust this red party.

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ek4ever
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Re: Petrotrin refinery shut down

Postby ek4ever » October 31st, 2020, 7:27 pm

It was always the real estate at Pointe a Pierre they were after. Couldn't give a rats ass about an old, inefficient, decrepit oil refinery.

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Re: Petrotrin refinery shut down

Postby Lou Screuz » October 31st, 2020, 8:43 pm

wing wrote:OWTU proposal was rejected and government to look at other options.


God bless America

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Re: Petrotrin refinery shut down

Postby rebound » October 31st, 2020, 8:48 pm

Roget would just give some "stern" words to mamaguy the sheep he chained up to vote, and then ride off into the sunset with the big pay off he got....

Zoom is so right eh...

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Re: Petrotrin refinery shut down

Postby sMASH » October 31st, 2020, 9:04 pm

Time to relax he gonna be fiting o platform?
Nah.
N e worker that actually vote pnm, they deserve what they get.

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Re: Petrotrin refinery shut down

Postby gastly369 » November 1st, 2020, 12:32 am

*inserts take bull meme

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Re: Petrotrin refinery shut down

Postby Allergic2BunnyEars » November 1st, 2020, 12:33 am

gastly369 wrote:*inserts take bull meme


:lol:

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Re: Petrotrin refinery shut down

Postby K74T » November 1st, 2020, 9:46 am

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Re: Petrotrin refinery shut down

Postby Redman » November 1st, 2020, 10:12 am

Last slide looks like a management company operating the refinery

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Re: Petrotrin refinery shut down

Postby The_Honourable » November 1st, 2020, 10:33 am

The President General responds to the Minister of Energy’s statement on the Petrotrin Refinery


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Re: Petrotrin refinery shut down

Postby bluefete » November 1st, 2020, 10:57 am

sMASH wrote:
wing wrote:OWTU proposal was rejected and government to look at other options.

not sheit... did nat see dat comin' :roll:


This was telegraphed in the budget.
Remmeber when we said that Roger and Co were going to get f... up?

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Re: Petrotrin refinery shut down

Postby ek4ever » November 1st, 2020, 11:07 am

People still believing they gonna start back the refinery?
Screenshot_20201101-082834.jpeg

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