Petrotrin refinery shut down

[sMASH]

Since the wells are aging , it might be wise to start SLOWLY implementing those systems to extract from the older ones. Don't have to rush spending, but slowly integrate it..


With Guyana and Surinam , we should be the choice location to refine.

[DMan7]

What about the gas being generated from humans and animals?

[pugboy]

i think the time for “slowly integrating” has long passed
it’s more like we need new supplies
it like trying to squeeze the last bits out of a toothpaste tube

Since the wells are aging , it might be wise to start SLOWLY implementing those systems to extract from the older ones. Don't have to rush spending, but slowly integrate it..


With Guyana and Surinam , we should be the choice location to refine.

[pugboy]

what about the big “green hydrogen” project

What about the gas being generated from humans and animals?

[sMASH]

i think the time for “slowly integrating” has long passed
it’s more like we need new supplies
it like trying to squeeze the last bits out of a toothpaste tube

Since the wells are aging , it might be wise to start SLOWLY implementing those systems to extract from the older ones. Don't have to rush spending, but slowly integrate it..


With Guyana and Surinam , we should be the choice location to refine.

U all in the extraction feiled would know better.

As long as no new plants come down, we can work with that.

I always saying that we need to get rid of lng shipping and export products of the natgas rather than the nst gas itself.

Simple small business principle : don't sell ur produce , process it, add value and sell products... Get more profit .

[nervewrecker]

Since the wells are aging , it might be wise to start SLOWLY implementing those systems to extract from the older ones. Don't have to rush spending, but slowly integrate it..


With Guyana and Surinam , we should be the choice location to refine.

Steam injection was around since I was a kid. Some of the crude has a viscosity closer to tar so you need to increase the temp.

[nervewrecker]

Since the wells are aging , it might be wise to start SLOWLY implementing those systems to extract from the older ones. Don't have to rush spending, but slowly integrate it..


With Guyana and Surinam , we should be the choice location to refine.

Wells are also being drilled. Previously the issue was depth and the ability of the drilling infrastructure to surpass iirc 5000 feet.
Star valley 208 and well services rig #60 and #80 have all drilled beyond that and in some instances drilled more than double that depth.

What I'm very anxious to hear about is the geothermal potential. About time we revisit it.

[The_Honourable]

Unions, business group join forces to restart Petrotrin Refinery

Seven years after the shutdown of the Petrotrin Refinery, there is a renewed push to restart operations by a collaboration between the Confederation of Regional Business Chambers (CRBC) and several trade unions, including the Oilfield Workers Trade Union (OWTU).

At a press briefing on Wednesday at the OWTU’s head office in San Fernando, the union’s President General Ancel Roget revealed that the aim “is to kick start the economy.”

He said the consortium’s first priority is the refurbishment and restarting of the Pointe-A-Pierre Refinery.

The refinery was closed by the previous Keith Rowley-led PNM Administration, on November 30, 2018.

At the time, the government had cited debt, inefficiency, and declining productivity as the primary reasons for the closure.

Ancel Roget described that decision an injustice to the people, which he says they intend to correct.

“The aim is to revitalise the energy sector,” he said. “We will collaborate to see what is necessary for that to happen in terms of restarting operations at the Refinery. We believe businesses and the people of T&T can benefit from this level of collaboration.”

The Confederation of Regional Business Chambers (CRBC) is made up of 14 local business associations.

CRBC coordinator, Jai Leladharsingh, sees this as a new beginning for this country’s energy sector

“In terms of the finance,” he said, “it is going to be raised in the international finance markets where there is a plan in place for this to happen.”

“We will support the unions and give them the best technical advice ever regarding the raising of that money,” he assured.

The previous PNM Government had announced Oando Plc as the preferred bidder for the refinery.

However, Prime Minister Kamla Persad-Bissessar has since made it clear that her government will not go ahead with that company, and that they will not honour any deal signed by the PNM.

https://www.cnc3.co.tt/unions-business- ... -refinery/

[sMASH]

So local companies gonna get it restarted ... They will get a good source of forex

[The_Honourable]

Prime Minister Kamla Persad Bissessar promised the labour movement on Labour Day 2025 she will establish a committee to explore reopening the Guaracara refinery.

https://www.cnc3.co.tt/govt-to-set-up-c ... reopening/

[nervewrecker]

Saw this....

[The_Honourable]

Judge rules OWTU liable for US$4M loan to help with refinery bid

The Oilfield Workers’ Trade Union (OWTU) has been held liable for over US$4 million in loans it secured for its bid to acquire Petrotrin’s Pointe-a-Pierre refinery after it was closed, and the overall company restructured in late 2018.

On Monday, High Court Judge Carol Gobin upheld KCL Capital Market Brokers Limited’s case against the OWTU and its associated company Patriotic Energies and Technologies Limited, which was established to aid in its bid for the refinery.

The loan centred around two agreements entered into between KCL Capital and the OTWU, through its then-trustees Ozzi Warwick, Raymond Huggins, and Ernesto Kesar, between November 2019 and May 2020.

Kesar, the union’s former vice president, won the Point Fortin constituency in the recently concluded General Election and has been appointed Minister in the Ministry of Energy and Energy Affairs. Warwick is the union’s chief education and research officer.

KCL Capital filed the lawsuit after the principal and accrued interest under both loans were not paid.

In defence against the lawsuit, the OWTU claimed that KCL Capital could not seek to enforce the agreements as, under its rules, it (the OWTU) was not permitted to use the proceeds of loans to settle the fees of legal, technical and financial consultants utilised for the acquisition bid.

Justice Gobin rejected the position.

“The argument that the rules do not allow the transactions relies on an expectation that every possible course of action which could protect and promote the interest of members would be spelt out and expressly provided for. This to my mind borders on the absurd,” she said.

She also rejected claims that the agreements breached Section 17 of the Trade Unions Act.

The legislation makes it an offence for union executive members to fraudulently utilise a trade union’s finances for purposes outside of its rules.

“In the absence of fraud, misrepresentation, or misconduct, the transactions entered into by the OWTU were not caught by section 17,” she said.

Justice Gobin also rejected the union’s claim that it could not be held liable as it was not unjustly enriched by the loans.

She noted that KCL Capital claimed that some of the money was paid to the union and the remainder to service providers it identified, and Warwick, who was the union’s main witness, did not categorically deny that the union received part of the proceeds.

Stating that the OWTU and Patriotic shared a close relationship, Justice Gobin pointed out that it (Patriotic) was incorporated by Warwick, who served as its deputy chairman.

“Even if I were to accept that the OWTU did not receive any money from KCL, the evidence established the relationship between the Defendants with overlapping directors and officials and their common intention to acquire and operate the refinery through Patriotic, which was incorporated for that purpose,” she said.

“It does not lie in the mouth of the union to say it did not receive the funds,” she added.

Guardian Media attempted to contact Warwick and OWTU President General Ancel Roget for a response, but calls to their cell phones went straight to voicemail. Kesar, when contacted, said “unfortunately, I have not seen the judgment you are referring to. However, you can always check me back later for feedback.”

The OWTU’s bid for the refinery was rejected by the evaluation committee established under the tenure of the former People’s National Movement (PNM) government.

Late last year, former energy minister Stuart Young had claimed that Patriotic did not progress to the next round of the bidding process due to a purportedly fraudulent US$1.5 billion wire transfer to its accounts.

In February, Young announced that Nigerian company Oando Trading DMCC had been selected to lease the refinery.

However, with the current United National Congress (UNC)-led coalition Government led by Prime Minister Kamla Persad-Bissessar taking office, there is doubt over the previous arrangement.

The current administration has repeatedly stated that it would work with the OWTU to attempt to restart the refinery’s operations.

KCL Capital was represented by Dave Williams and Stacy-Ann Ramkhelewan. The OWTU was represented by Douglas Mendes, SC, Anthony Bullock, and Alatashe Girvan.

https://www.guardian.co.tt/news/judge-r ... 8f49086bbf

[sMASH]

Sad, but was just a bid. Learn not to indebt urself based on pnm promises.

[The_Honourable]

The cabinet has approved a 12-member committee for the technical evaluation of restarting the refinery by examining refining, human resource, financial, regulatory and feedstock requirements. A report is to be submitted to the Minister of Energy in 4 months maximum.

Kevin Ramnarine - Former energy minister and petroleum engineer (Lead)
Sheriba Ali-Rajack - Former vice president of finance of Petrotrin
Kelvin Harnanan - Former vice president Retail and Marketing of Petrotrin
Gowtam Maharaj - Former refinery manager
Kishore Jhagroo - University lecturer in engineering and maintenance
Leslie Chang - Operations and process engineer
Christopher Jackman - OWTU branch president
Danny Goolcharan - Electrical Systems, former OWTU representative
Margaret De-Silva Ocando - Planning/economics/commercial/marine/port manager
Yashi Carrington - Senior Chemical engineer at MOE
Anushka Benny-Sookhoo - Senior Chemical engineer II at MOE
Len Chan Chow - Port marine and shipping expert

[The_Honourable]

Ramnarine promises refinery report in 4 months

Government will know within four months whether the Petrotrin refinery in Pointe-a-Pierre can be restarted and what the cost of doing so will be.

This was the promise yesterday from former energy minister Kevin Ramnarine, who is heading a committee set up to determine the feasibility of reopening the refinery.

“The committee that was selected by the Cabinet is vastly experienced and I thank them for coming forward to serve in this important exercise,” Ramnarine told Guardian Media of the team he has to work on the assignment.

“In a nutshell, the mandate is really to provide a technical assessment of the state of the Pointe-a-Pierre refinery and what it would its restart would require.”

Ramnarine pointed out that the refinery has been mothballed since 2018, and its closure has had a major impact on the country’s economy, its energy security and its position in the region.

Moreover, he emphasised that the fallout has had a significant impact on south Trinidad, the workers and the contracting community that supported the refinery’s operations.

On the possible date of a restart and the cost, Ramnarine said these things would be determined when the work of the committee is completed and submitted to the Cabinet for consideration.

With the company losing billions annually, the former People’s National Movement government shut the refinery down, leaving more than 3,500 permanent and 1,200 non-permanent workers unemployed.

Repercussions were felt beyond the refinery gates in surrounding communities like Gasparillo and Claxton Bay via business closures and job losses.

In February, OANDO PLC, a Nigerian company, was selected as the preferred bidder to take over the refinery under the last government, but the current United National Congress administration repeatedly stated during the General Election campaign that it would work with the Oilfield Workers’ Trade Union (OWTU) to restart the refinery’s operations.

A High Court ruling recently found that the OWTU and its associated company, Patriotic Energies and Technologies Ltd, were liable for over US$4 million in loans it secured for its bid to acquire the refinery after it was closed.

In a recent interview with Guardian Media, energy expert and former energy minister Carolyn Seepersad-Bachan had said there is a need for a reputable international investor to reopen the Pointe-a-Pierre refinery.

She said she believed the reopening of the refinery should have been a collaborative approach and one that involved regulatory oversight, with private sector investors.

“Bear in mind that if you have to approach the international financial markets for debt financing. They are going to want to look for some form of equity financing, even if it is as much as 10-15 per cent of that total. Financial capital outlay, which we expect to be about US$1 billion,” Seepersad-Bachan said.

https://www.guardian.co.tt/news/ramnari ... 7613a1d048

[The_Honourable]

Possibility there but don't bank on guyana

Ali: Refinery investment must be viable, sustainable

Guyana’s President Dr Irfaan Ali says his country is concentrating on building out its own infrastructure and he will only be able to make an assessment on the Petrotrin refinery when the discussion comes up.

He was speaking to Guardian Media in an interview on the sidelines of the Global Biodiversity Alliance Summit taking place in Georgetown.

His comments came a day after Natural Resources Minister Vickram Bharrat, told Guardian Media no discussion with T&T will take place regarding the energy sector until after Guyana’s general election scheduled for September 1.

However, on Wednesday evening, Ali was adamant his plans lay with Northern Brazil.

“We have major plans here with the gas to shore project coming on stream. We are looking at the opportunity of integrating Northern Brazil with Guyana to have a storage platform and a supply platform for all aspects of refined products. Then we also have the gas. We’ll be able to be a major supplier of almost all of the requirements for the region and Northern Brazil,” Ali said.

He added: “So, we are busy building out an infrastructure here that will support the region and support Northern Brazil. That is what we are concentrating on. If and when such a discussion or proposal comes our way, we’ll be in a better position to make an assessment.”

Bharrat confirmed in an interview on Wednesday that Minister of Energy and Energy Industries, Dr Roodal Moonilal, reached out to him via a letter seeking discussions.

However, Ali is adamant that whatever investments Guyana makes in the energy sector must be viable.

He further added, “I can say we have not had that discussion right now [on partnering with T&T to reopen the refinery]. Of course, we have discussions with every member of Caricom on how we can advance development, how we can look at ways in which we improve our relationship and expand economic opportunity. But everything must be viable. Whatever you invest in or whatever partnership you build must be one that is built on sustainability, viability, one that is built on public good.”

The Guyanese president says they must also look at how the business of refining has revolutionised.

He added, “The business of refinery has changed tremendously across the world. You have to be very efficient in what you do. You have to have the technology to back the type of infrastructure that you have. We have seen around the world many refineries are out of operation now. So, it’s to understand the ecosystem, understand what it is all about.”

The Petrotrin refinery was closed in November 2018 by the previous administration.

Prime Minister Kamla Persad-Bissessar has established a committee chaired by former energy minister Kevin Ramnarine to conduct a feasibility study into whether the refinery can be reopened.

https://www.guardian.co.tt/business/ali ... 8dd3cbba3a

[sMASH]

I see a post that trump give back license to PDVSA to operate or sumting .


Any word about usa resumption of petrol with Venezuela ?

[mero]

Ramnarine promises refinery report in 4 months

Government will know within four months whether the Petrotrin refinery in Pointe-a-Pierre can be restarted and what the cost of doing so will be.

This was the promise yesterday from former energy minister Kevin Ramnarine, who is heading a committee set up to determine the feasibility of reopening the refinery.

“The committee that was selected by the Cabinet is vastly experienced and I thank them for coming forward to serve in this important exercise,” Ramnarine told Guardian Media of the team he has to work on the assignment.

“In a nutshell, the mandate is really to provide a technical assessment of the state of the Pointe-a-Pierre refinery and what it would its restart would require.”

Ramnarine pointed out that the refinery has been mothballed since 2018, and its closure has had a major impact on the country’s economy, its energy security and its position in the region.

Moreover, he emphasised that the fallout has had a significant impact on south Trinidad, the workers and the contracting community that supported the refinery’s operations.

On the possible date of a restart and the cost, Ramnarine said these things would be determined when the work of the committee is completed and submitted to the Cabinet for consideration.

With the company losing billions annually, the former People’s National Movement government shut the refinery down, leaving more than 3,500 permanent and 1,200 non-permanent workers unemployed.

Repercussions were felt beyond the refinery gates in surrounding communities like Gasparillo and Claxton Bay via business closures and job losses.

In February, OANDO PLC, a Nigerian company, was selected as the preferred bidder to take over the refinery under the last government, but the current United National Congress administration repeatedly stated during the General Election campaign that it would work with the Oilfield Workers’ Trade Union (OWTU) to restart the refinery’s operations.

A High Court ruling recently found that the OWTU and its associated company, Patriotic Energies and Technologies Ltd, were liable for over US$4 million in loans it secured for its bid to acquire the refinery after it was closed.

In a recent interview with Guardian Media, energy expert and former energy minister Carolyn Seepersad-Bachan had said there is a need for a reputable international investor to reopen the Pointe-a-Pierre refinery.

She said she believed the reopening of the refinery should have been a collaborative approach and one that involved regulatory oversight, with private sector investors.

“Bear in mind that if you have to approach the international financial markets for debt financing. They are going to want to look for some form of equity financing, even if it is as much as 10-15 per cent of that total. Financial capital outlay, which we expect to be about US$1 billion,” Seepersad-Bachan said.

https://www.guardian.co.tt/news/ramnari ... 7613a1d048

All this for nothing.

How much this costing taxpayers then to be told nah, no refinery , hold strain.

Another failed election promise lol. Ent OWTU done get blank?

And didn't Ramnarine get run from Guyana for taking dey money and giving them a WOFT report? What's this guy's credibility?

[Gladiator]

Ramnarine promises refinery report in 4 months

Government will know within four months whether the Petrotrin refinery in Pointe-a-Pierre can be restarted and what the cost of doing so will be.

This was the promise yesterday from former energy minister Kevin Ramnarine, who is heading a committee set up to determine the feasibility of reopening the refinery.

“The committee that was selected by the Cabinet is vastly experienced and I thank them for coming forward to serve in this important exercise,” Ramnarine told Guardian Media of the team he has to work on the assignment.

“In a nutshell, the mandate is really to provide a technical assessment of the state of the Pointe-a-Pierre refinery and what it would its restart would require.”

Ramnarine pointed out that the refinery has been mothballed since 2018, and its closure has had a major impact on the country’s economy, its energy security and its position in the region.

Moreover, he emphasised that the fallout has had a significant impact on south Trinidad, the workers and the contracting community that supported the refinery’s operations.

On the possible date of a restart and the cost, Ramnarine said these things would be determined when the work of the committee is completed and submitted to the Cabinet for consideration.

With the company losing billions annually, the former People’s National Movement government shut the refinery down, leaving more than 3,500 permanent and 1,200 non-permanent workers unemployed.

Repercussions were felt beyond the refinery gates in surrounding communities like Gasparillo and Claxton Bay via business closures and job losses.

In February, OANDO PLC, a Nigerian company, was selected as the preferred bidder to take over the refinery under the last government, but the current United National Congress administration repeatedly stated during the General Election campaign that it would work with the Oilfield Workers’ Trade Union (OWTU) to restart the refinery’s operations.

A High Court ruling recently found that the OWTU and its associated company, Patriotic Energies and Technologies Ltd, were liable for over US$4 million in loans it secured for its bid to acquire the refinery after it was closed.

In a recent interview with Guardian Media, energy expert and former energy minister Carolyn Seepersad-Bachan had said there is a need for a reputable international investor to reopen the Pointe-a-Pierre refinery.

She said she believed the reopening of the refinery should have been a collaborative approach and one that involved regulatory oversight, with private sector investors.

“Bear in mind that if you have to approach the international financial markets for debt financing. They are going to want to look for some form of equity financing, even if it is as much as 10-15 per cent of that total. Financial capital outlay, which we expect to be about US$1 billion,” Seepersad-Bachan said.

https://www.guardian.co.tt/news/ramnari ... 7613a1d048

All this for nothing.

How much this costing taxpayers then to be told nah, no refinery , hold strain.

Another failed election promise lol. Ent OWTU done get blank?

And didn't Ramnarine get run from Guyana for taking dey money and giving them a WOFT report? What's this guy's credibility?

Have some hope mero. ..Bring out some of that good ole PNM patriotism

[alfa]

Here's a fun fact. Just because PNM said the refinery needed to shut down doesn't necessarily mean it was true.
Let's wait on the actual report bearing in mind the first one didn't say close the refinery either

[Chimera]

Guyana have the money and resources to build their own refinery

I doh even know if they have control of that oil or if that's up to exxon.....

But pressure if tt banking on guyana oil

[sMASH]

If the refinery was running, it would be a no brainner to contract petrotrin to refine Guyana oil.
The problem is the money to restart the refinery is a big mountain to climb. And it will take some time to get to producing , and it will need continuous supplying to remain running to be profitable.


The petrotrin refinery had value as a running plant. It was a great sin to shut it down.