Petrotrin refinery shut down

[zoom rader]

The Point a Pierre refinery failed before. It was configured to make fuel oil which was good for WWII, ships and power plants. But the world shifted away from that and it failed in 1985. The then govt breathed new life and capital in it reconfigured it. But factors like T&T's declining local production, oil price fall in 2014, oil glut and others, excluding the local politics, put the nails in the coffin for the refinery.

Even if PaP had gotten a $1b injection in 2018, 2020 with little product demand and low prices would have found it in the red again.

Bull 5hit

Trinidad problems was that it was run by black folk that had no clue in running an oil bussiness.

I have seen half dead oil refineries operate in Europe and Africa on a smaller scale and is more profitable than the 7th largest oil refinery

Its the same with the Trinidad steel Mill, it was run by black folk and failed.

Then the Indians came in and made almost a Billion in US from the Trinidad mini milll.

It was the Trinidad plant that made Mittal his big jump in the steel bussines.

Like it or not black folk cannot run a bussiness much less a goverment.

[zoom rader]

If we were using forex to buy feed stock for the refinery and the product was selling at a loss, how is that generating forex?

We are producing approximately 40,000 barrels of oil a day and the refinery operates at a capacity of 140,000 barrels a day, so we have to go to the market to buy about 100,000 barrels of oil to make up the shortfall. This results in a net loss in foreign exchange.
http://www.news.gov.tt/content/petrotri ... -ErbYEXaf0

Simple answer is we were not selling the product at a loss. Don’t forget the politics involved in selling the idea to the population. Current actions prove that not all that was said when shutting down was correct else no one would want to operate the refinery.

I expected a comment like this from Zoom.

Do you have any proof what you are saying is true or is it a speculation. Did those same factors close down refineries in Curaçao and US Virgin Islands? Did those factors close down refineries around the world?

Kant

Curacao and st Thomas have no oil wells. They have to import oil at a great cost. That's one reason why they shut it down.

Plus Shell has other fields that was more importatnt than the South American operations.

However Trinidad has 3 billions of the stuff that pours in peoples back yard.

Trinidad owned oil refineries was a management and sales problem.

But like anything else Kams to blame from dutty kants like you that spread mis leading fictitious information.

Whether we have oil wells or not, we still have to import 100k barrels of oil everyday much like Curaçao and St Croix. 3 billion barrels in reserves and the capacity to bring it into production is a lot of work. But the last time T&T saw that kind of local production sufficient for the refinery was in the 80s and 90s.

Agian what is wrong in down sizing for a smaller operation.

Pt Lisas mothballs plants for future use.

[Habit7]

The refinery is not a hotel. In order to met efficiencies you need a certain volume of crude oil. The cat cracker can't run on 5 barrels of oil today then 180,000 barrels tomorrow.

[sMASH]

saved a tonne of cash by shutting down our biggest forex earner.

[zoom rader]

The refinery is not a hotel. In order to met efficiencies you need a certain volume of crude oil. The cat cracker can't run on 5 barrels of oil today then 180,000 barrels tomorrow.

Then you retool and down size rather than let Malcolm Jones run corruption and run it into the ground.

The refinery problem was management

[Habit7]

saved a tonne of cash by shutting down our biggest forex earner.

It was not our biggest forex earner. That is just something UNC and union ppl used say to fool gullible ppl who are too lazy to corroborate it.

[sMASH]

Well, we In a forex crunch right now and guess what shut down at the moment?


Caroni.
Train1
Movie Town chaguanas



Hopefully sonel brought some us in she grip when the come tru.


I didn't talk to uc supporters, spoke to the people working the offices,
They used to bring in a lot of ships for sales.

[sMASH]

https://m.facebook.com/story.php?story_ ... 6111346373


Anesha is a unc. Clears tings up.

[Redman]

In the year 2000,

We were producing 120k a day.
We were importing 97k a day
We were exporting 52k a day
Refinery throughput was 161k.

You guys do the math.

Trinidad needs to do both.
To produce the quality of fuels we want we import different blends to mix with indigenous crude.

That said....politics is the killer...on both sides.

Pretending otherwise is stupid.

[sMASH]

i said before, when it was still running, to treat it like cepep or education. keep it running, not for the profit, but for the forex. make a loss if u have to, but at least u can get some of that tt converted to US.

and eventually mr espinet did get it profitable in the last quarter before he sent home all all all

[Redman]

Funding that is a political nightmare.

But it would be interesting to see the math...

[elec2020]

saved a tonne of cash by shutting down our biggest forex earner.

Wasn't it said time and time again that petrottin was a net consumer of foreign exchange as they had to import a significant number of oil barrels (i think 100k) to use for the refinery? Do u guys even research anything before u talk

https://www.google.com/amp/s/mobile.reu ... SKCN1LD2NG

[Habit7]

https://m.facebook.com/story.php?story_fbid=266260673998893&id=387986111346373


Anesha is a unc. Clears tings up.

Yes she said it one of the largest foreign exchange earners not the largest as you said prior. Plus I don't know when that video was produced but the audited statements of Petrotrin stated that there were year on year losses, therefore it cannot be an earner when it costs money every year to run it while it is depreciation our credit rating.

Petrotrin refinery is closed for 2yrs now and we still have 8mths import cover. Plus you refuse to acknowledge that its successor Heritage has been earning profit and forex by sell 100% internationally that was something the refinery was not achieving for years.

Please, don't be ridiculous and mention Caroni, Caroni 1975 hardly ever made a profit since 1975 and the sugar industry is collapsing throughout the Caribbean as we no longer have access to the preferencial markets.

How MovieTowne brought in forex?

Atlantic LNG Train 1 still operational

Being wrong so often doesn't dissuade you?

[elec2020]

Well, we In a forex crunch right now and guess what shut down at the moment?


Caroni.
Train1
Movie Town chaguanas



Hopefully sonel brought some us in she grip when the come tru.


I didn't talk to uc supporters, spoke to the people working the offices,
They used to bring in a lot of ships for sales.

Are u implying that a cinema generates foreign exchange?

[elec2020]

https://m.facebook.com/story.php?story_fbid=266260673998893&id=387986111346373


Anesha is a unc. Clears tings up.

Yes she said it one of the largest foreign exchange earners not the largest as you said prior. Plus I don't know when that video was produced but the audited statements of Petrotrin stated that there were year on year losses, therefore it cannot be an earner when it costs money every year to run it while it is depreciation our credit rating.

Petrotrin refinery is closed for 2yrs now and we still have 8mths import cover. Plus you refuse to acknowledge that its successor Heritage has been earning profit and forex by sell 100% internationally that was something the refinery was not achieving for years.

Please, don't be ridiculous and mention Caroni, Caroni 1975 hardly ever made a profit since 1975 and the sugar industry is collapsing throughout the Caribbean as we no longer have access to the preferencial markets.

How MovieTowne brought in forex?

Atlantic LNG Train 1 still operational

Being wrong so often doesn't dissuade you?

I still confused. How on earth does a cinema generate foreign exchange? These forums have some questionable individuals on them

[Habit7]

The objective is not to be factual. The objective is to complain, cry and lament about T&T.

[elec2020]

^ and when that fails. Insult forum users that oppose/question you

[zoom rader]

^ and when that fails. Insult forum users that oppose/question you

When you come with bull5hit you will be labeled as a kant.

You have been made out as a liar and blogger on tuner.

I have posted your fables numerous times and tuners have viewed dem with disgust.

So until you come clean you will remain a kant

[elec2020]

^ you see what i said. And numerous times? When? You just vex because i said i voted pnm once in my life. So everything i say is wrong. So u saying only those who vote unc/pp/cop/pep have correct opinions and/or insights on tnt? If that isn't flawed logic then idk what is.

[zoom rader]

^ you see what i said.

Come clean and become a non kant, that's all bro.

[zoom rader]

^ you see what i said. And numerous times? When? You just vex because i said i voted pnm once in my life. So everything i say is wrong. So u saying only those who vote unc/pp/cop/pep have correct opinions and/or insights on tnt? If that isn't flawed logic then idk what is.

Last time I dealt with you, you stated to cry. So let's not go there today.

[elec2020]

^LOL really now. ok. zoom racist

[Redman]

^ and when that fails. Insult forum users that oppose/question you

When you come with bull5hit you will be labeled as a kant.

You have been made out as a liar and blogger on tuner.

I have posted your fables numerous times and tuners have viewed dem with disgust.

So until you come clean you will remain a kant

By that metric ZR you is kingest kantest for lifest

Like tangy Kam's giving herself silk fus.

[elec2020]

^ you see what i said. And numerous times? When? You just vex because i said i voted pnm once in my life. So everything i say is wrong. So u saying only those who vote unc/pp/cop/pep have correct opinions and/or insights on tnt? If that isn't flawed logic then idk what is.

Last time I dealt with you, you stated to cry. So let's not go there today.

why would i take to heart the tirades of a known racist? also why u still on tuner? u lost to elite. a man who cannot honour his word is not a man at all

[zoom rader]

^ you see what i said. And numerous times? When? You just vex because i said i voted pnm once in my life. So everything i say is wrong. So u saying only those who vote unc/pp/cop/pep have correct opinions and/or insights on tnt? If that isn't flawed logic then idk what is.

Last time I dealt with you, you stated to cry. So let's not go there today.

why would i take to heart the tirades of a known racist? also why u still on tuner? u lost to elite. a man who cannot honour his word is not a man at all

Yawn

[sMASH]

If we were using forex to buy feed stock for the refinery and the product was selling at a loss, how is that generating forex?

We are producing approximately 40,000 barrels of oil a day and the refinery operates at a capacity of 140,000 barrels a day, so we have to go to the market to buy about 100,000 barrels of oil to make up the shortfall. This results in a net loss in foreign exchange.
http://www.news.gov.tt/content/petrotri ... -ErbYEXaf0

cause if as they said, that salaries was a big junk of their costs was salaries, that would be in tt.
50% if i remember correctly one of the podium rants, so to get rid of the salaries they had to get rid of the workers, which meant getting rid of the union which they thought was only be shutting down the company as was.
so for eg. if their salaries was 5US worth, and crude was 5 US worth. their total costs would be 10 US. if the sell at 8US, they make a loss of 2US.
but their salaries is paid in tt, not US. so if u look at it only from the forex point of view, they spent 5US and gained 8 US. they made a net profit in US of 3.

but totally, they made a loss. the salaries to pay is 5, but not 5US, its 5 US worth of tt. so if u work with 7 exchange rate for only the salaries, u have to pay out 35tt (7x5=35) in salaries, but u only have 21tt(3x7=21). the loss of 2us when u made the sale, ur missing that. and if u pay it in tt, then its 2x7=14tt. u subvention the loss from the treasury.

totally, they were making a loss in the operations, but separated into forex and tt, as long as their forex in was more than their forex out, cause part of their liabilities would be in tt, that was sustainable... pending some sort of fat cutting.

and espinet was able to do that coming to the end, posting big and bold in the paers, 56m profit.


yEs, BuT u StIlL hAvE tHe MaLcOmE jOnEs LoAn BuLlEt PaYmEnT

so, u do what they did, separate the company into the different sections, what the PNMites say, restructure. to allow what ever work around they got to refinance the bullet payment to occur. but u dont cease operations, u keep every ting running, keep the vital staff, and trim ur labor force there. u dont hand every one a contract and a fresh kit.

u trim ur salaries via new contracts, u keep ur forex coming in, and u dont suffer that many unemployed.

[Habit7]

^ you see what i said. And numerous times? When? You just vex because i said i voted pnm once in my life. So everything i say is wrong. So u saying only those who vote unc/pp/cop/pep have correct opinions and/or insights on tnt? If that isn't flawed logic then idk what is.

Last time I dealt with you, you stated to cry. So let's not go there today.

why would i take to heart the tirades of a known racist? also why u still on tuner? u lost to elite. a man who cannot honour his word is not a man at all

ZR is not a racist. He is a self-loathing Black man who trolls tuner on the basis of being anti-PNM and anti-Afrotrini. He does this to rile up a small but vocal racist base who sees his comments as cover for them to spew their real racism.

I have seen him do this for years now. He is the Clayton Bigsby of trinituner.

[elec2020]

^ i not saying it impossible. If so he does a good job of convincing people so.

[zoom rader]

^ you see what i said. And numerous times? When? You just vex because i said i voted pnm once in my life. So everything i say is wrong. So u saying only those who vote unc/pp/cop/pep have correct opinions and/or insights on tnt? If that isn't flawed logic then idk what is.

Last time I dealt with you, you stated to cry. So let's not go there today.

why would i take to heart the tirades of a known racist? also why u still on tuner? u lost to elite. a man who cannot honour his word is not a man at all

ZR is not a racist. He is a self-loathing Black man who trolls tuner on the basis of being anti-PNM and anti-Afrotrini. He does this to rile up a small but vocal racist base who sees his comments as cover for them to spew their real racism.

I have seen him do this for years now. He is the Clayton Bigsby of trinituner.

Hoss you blowing my cover

[VexXx Dogg]

Do like me, vote for everybody (on the same ballot at the same time).
I wanted NOTA as an option, but they don't