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sMASH wrote:sry, i not really as dexterous enough to leff foot rite foot like small pin.
brain seeing petrotrin as ONE of the biggest forex earners, closed down, then forex problems.
Frustration mounts over US$$ supply in Trinidad
Sunday, January 25, 2015
PORT OF SPAIN, Trinidad - Mounting frustration over the inaccessibility of foreign exchange led businessmen present at an economic forum hosted by the American Chamber of Commerce (AmCham), at the Radisson Hotel yesterday to call for answers from Trade Minister Vasant Bharath.
On one hand, businessmen said they were told that in order to get US dollars they must be on an allocation list created by the Central Bank.
But Bharath said this was not so as the bank had no control over which business gets currency.
The confusion over the allocation followed the Central Bank’s sale of US$200 million into the financial system earlier this month.
“We’re distributors of both local and imported goods. Our requirements are US$320,000 to US$350,000 a month and we give that projection to the bank every month,” said Michael Selheult, managing director of San Juan-based company West Indian Traders Ltd.
“With the last injection I got a call on Monday from the account executives apologising and saying that although our name was on the list, after the injection, the Central Bank gave them a list of who the US dollars were going to be given to. We were not included,” Selheult told Bharath during the question-and-answer segment.
Nicholas Galt, executive chairman of the TSL Group, a group of 14 ICT companies operating throughout the Caribbean, said he had a similar encounter when his company tried to access US dollars.
“We were given the same answer by our bank. We applied for US$1 million to pay bills and we got US$2,500 and the answer that was given to us was that a list was given from the Central Bank that said these are the accounts that have to be paid and they will get allocations,” he said.
“I am not pointing fingers here, what I am saying is where is the communication, what is correct, who is giving us the boot and who is not giving us the boot,” he noted.
In response, Bharath said the Central Bank did not determine who gets foreign exchange.
“That is not the practice of the Central Bank,” he said.
“In being able to manage the amount of foreign exchange that is required, what the Central Bank would have done from what we were told, is ask all of the banks for the amount of foreign exchange they would require on a weekly or monthly basis and the Central Bank would have then dispersed sufficient amounts to cover that.”
Bharath assured the businessmen that the Central Bank is putting a new system that will address the foreign exchange issue.
http://www.jamaicaobserver.com/news/Fru ... n-Trinidad
sMASH wrote:sry, i not really as dexterous enough to leff foot rite foot like small pin.
brain seeing petrotrin as ONE of the biggest forex earners, closed down, then forex problems.
“We have to go to the market to buy about 100,000 barrels of oil (per day) to make up the shortfall. This results in a net loss in foreign exchange,” Petrotrin Chairman Wilfred Espinet said in a statement.
U never had a point to start with...sMASH wrote:https://www.guardian.co.tt/opinion/knockon-effects-of-closing-petrotrin-refinery-6.2.657045.4a858a1482
alright, conceding that point. refinery, was net user of forex.
Habit7 wrote:I never said Ruby field was award, I said BHP/NGC negociations. You really have a problem with reading and comprehension.
Like you should have consulted ZR because he too was hoping against hope for Loran Mantanee. But you are just as uninformed as him. https://newsday.co.tt/2020/02/07/pm-tel ... d-by-2025/ The plan was to develop it with Chevron, now with Shell. In Venezuela JVs are always with PDVSA so Chevron would have been their partner but sanctions stop it. We are still getting more gas by 2025.
Solar was always good. You just trying make a pessimistic scenario like a good UNC. But just watch from the sidelines PNM secures 2025-2030.
This is just a constant exercise in correcting your lies.
YOU said it takes at least FIVE years to develop a field, so Guy Smiley can't be blamed for collapsing oil prices and field development prior to his tenure, YET lamely crediting the LFDRFD PNM with Ruby which was awarded by the UNC 
mero wrote:U never had a point to start with...sMASH wrote:https://www.guardian.co.tt/opinion/knockon-effects-of-closing-petrotrin-refinery-6.2.657045.4a858a1482
alright, conceding that point. refinery, was net user of forex.
Stop taking chain up from zoom and putting yuhself on the front line to get shoot first
De Dragon wrote:Habit7 wrote:I never said Ruby field was award, I said BHP/NGC negociations. You really have a problem with reading and comprehension.
Like you should have consulted ZR because he too was hoping against hope for Loran Mantanee. But you are just as uninformed as him. https://newsday.co.tt/2020/02/07/pm-tel ... d-by-2025/ The plan was to develop it with Chevron, now with Shell. In Venezuela JVs are always with PDVSA so Chevron would have been their partner but sanctions stop it. We are still getting more gas by 2025.
Solar was always good. You just trying make a pessimistic scenario like a good UNC. But just watch from the sidelines PNM secures 2025-2030.
This is just a constant exercise in correcting your lies.
Poomcie you're now tripping over your own stupid lies and contradictions
Poomcie, all that fluff about JV's you seem to be forgetting the fact that Chevron was operating in Venezuela under a sanction waiver which meant we would have had to partner with PDVSA directly.
Poomcie, more gas in 2025 cannot help the 10 plants that shutdown in the last couple of years, or those facing gas curtailments under the LFDRFD PNM MoE Guy Smiley.
Try again, but harder and with a little less LFDRFD
Habit7 wrote:De Dragon wrote:Habit7 wrote:I never said Ruby field was award, I said BHP/NGC negociations. You really have a problem with reading and comprehension.
Like you should have consulted ZR because he too was hoping against hope for Loran Mantanee. But you are just as uninformed as him. https://newsday.co.tt/2020/02/07/pm-tel ... d-by-2025/ The plan was to develop it with Chevron, now with Shell. In Venezuela JVs are always with PDVSA so Chevron would have been their partner but sanctions stop it. We are still getting more gas by 2025.
Solar was always good. You just trying make a pessimistic scenario like a good UNC. But just watch from the sidelines PNM secures 2025-2030.
This is just a constant exercise in correcting your lies.
Poomcie you're now tripping over your own stupid lies and contradictions
Poomcie, all that fluff about JV's you seem to be forgetting the fact that Chevron was operating in Venezuela under a sanction waiver which meant we would have had to partner with PDVSA directly.
Poomcie, more gas in 2025 cannot help the 10 plants that shutdown in the last couple of years, or those facing gas curtailments under the LFDRFD PNM MoE Guy Smiley.
Try again, but harder and with a little less LFDRFD
BHP/NGC NEGOCIATIONS on the Ruby field. Nobody is talking about who awarded the block. https://trinidadexpress.com/business/lo ... 0065a.html
You just said, "Loran-Manatee will NEVER happen under Maduro." That is a lie, Loran Mantanee field development is currently occurring despite your lies and pessimism.
Only in a deluded mind can someone say more gas can't help a gas curtailment. And here is the very same Curtis Williams reporting on Kevin Ramnarine on the gas curtailments that started under him https://www.ogj.com/general-interest/ec ... take-years But just like the rest of the stuff you speak about, I don't expect you to be correct.
Listen, you could attempt to attack, being acerbic is something you are good at. But you are not good on facts and comprehending a topic. Spend less time beating up and getting worked up and understand a topic before you comment on it nah.
Don't discuss technical info with Mero , their DNA not suited to that level of thinking.sMASH wrote:mero wrote:U never had a point to start with...sMASH wrote:https://www.guardian.co.tt/opinion/knockon-effects-of-closing-petrotrin-refinery-6.2.657045.4a858a1482
alright, conceding that point. refinery, was net user of forex.
Stop taking chain up from zoom and putting yuhself on the front line to get shoot first
ey ey, i chain my own self up.
per day.
100,000b bought, at $60 = $6,000,000 spent to import crude
production of 140,000b of refined product. then subtract local consumption of 25,000b. that is 115,000b of product to export.
if u export refined product at that same $60 per barrel, that would be $6,900,000.
but refined product supposed to be closer to $70 per barrel.
given those figures as by roger hosein, the refinery supposed to still be pulling in more forex than losing to run, unless the salaries being paid in US. but once the salaries being paid in tt, it should still be a net forex earner.
something missing from the explanations, or the selling price of the refined products are lower than suggested, or the purchasing price of the crude is higher than suggested.
then u have the situation where we need to import bitumen, cause the refinery was the local source of bitumen, not necessarily the pitchlake.
zoom rader wrote:Don't discuss technical info with Mero , their DNA not suited to that level of thinking.sMASH wrote:mero wrote:U never had a point to start with...sMASH wrote:https://www.guardian.co.tt/opinion/knockon-effects-of-closing-petrotrin-refinery-6.2.657045.4a858a1482
alright, conceding that point. refinery, was net user of forex.
Stop taking chain up from zoom and putting yuhself on the front line to get shoot first
ey ey, i chain my own self up.
per day.
100,000b bought, at $60 = $6,000,000 spent to import crude
production of 140,000b of refined product. then subtract local consumption of 25,000b. that is 115,000b of product to export.
if u export refined product at that same $60 per barrel, that would be $6,900,000.
but refined product supposed to be closer to $70 per barrel.
given those figures as by roger hosein, the refinery supposed to still be pulling in more forex than losing to run, unless the salaries being paid in US. but once the salaries being paid in tt, it should still be a net forex earner.
something missing from the explanations, or the selling price of the refined products are lower than suggested, or the purchasing price of the crude is higher than suggested.
then u have the situation where we need to import bitumen, cause the refinery was the local source of bitumen, not necessarily the pitchlake.
Habit7 wrote:The hubris of you being wrong and strong. Get your story straight before you beat up because I will continue to call your lies.
Loran Manatee has nothing to do with Dragon, which was in Venezuela. Manatee is in Trinidad. The original plan from the Manning admin and Venezuela was to them to form a singular entity to exploit Loran Manatee and to share it up based on their interest with T&T, Chevron and PDVSA. But Chevron backed out and sold their stake to Shell and the deal is to develop it apart from the Vene govt based on TT recoverable amount. It was always going to be divided by interest with Manatee being 30% of Loran Manatee and they were going to use T&T infrastructure as PDVSA hardly has any over there.
So don't know how you act like this is something negative because we are getting the same gas we always projected and even worst for you to bad mind it and say it will never happen when it is already occuring.
And in a display of even more bitterness, because one project cant solve all the gas curtailment then it helps no one? Are you that anti PNM that you believe all gas exploration and production should be ignored unless one project solves it all? Gas E&P is ongoing and our reserves increase with every project. The closure of downstream plants also involves a global drop in demand for the product, not just gas.
No, and sadly even with those closures, and the subsequent "freeing up" of that gas, plants that can run to their capacity STILL HAVE CURTAILMENTS TO THIS DAY!! Stop being an obstinate kant, and learn to put your retarded self in learning mode. People on this forum, unlike you and your tag team buddy Plastic who like to act all superior and learned, actually have first hand knowledge of these things, and deal with them on an everyday basis.
Kant explain what Smash wroteRedman wrote:PEA analysis for the win.
Who you ask ..Anil?
Redman wrote:PEA analysis for the win.
Who you ask ..Anil?
Habit7 wrote:1. You said, "Loran-Manatee will NEVER happen under Maduro." Well it is.
2. US Sanctions didn't force Chevron out, Chevron sold their interest in Block 6 Manatee to Shell Trinidad, US Sanctions in Venezuela has nothing to do with that. But Chevron is still present on the Loran/Venezuelan side. They backed out. Now come back and tell us what you really meant to say.
3. You said, "If you're short of natural gas by, by oh let's say 10MMSCF, producing 5 MMSCF by 2025, when 10 plants have already shut down, helps absolutely no one." This is a stupid and myopic statement, in the 5 years of development it produces jobs and economic activity in the sector and when the production starts then it will go to the plants. How can you be so bitter to say it "helps absolutely no one"?
4. Nobody said Ruby was the end of our gas woes. This is a desperate strawman.
5. I literally linked to an article with the PM saying Gas from the Manatee field in 2025. Yet you ask, "How long will Dragon/Loran Manatee take to achieve first gas?" And you wonder why I doubt your reading and comprehension skills?
Continue to beat up and having to come again to clarify and tell us what you meant when you said... This is becoming entertaining seeing you melt down because men are "learned" and "have first hand knowledge". Have you ever stopped to think the reason why we can point out your lies and inconsistencies is because we do?
Redman wrote:Stop being an obstinate kant, and learn to put your retarded self in learning mode. People on this forum, unlike you and your tag team buddy Plastic who like to act all superior and learned, actually have first hand knowledge of these things, and deal with them on an everyday basis.
I guess that's why you always talking about gargling balls and other man parts....
When you right...you right.
zoom rader wrote:Kant explain what Smash wroteRedman wrote:PEA analysis for the win.
Who you ask ..Anil?
"andit was bad for kamala to say to use the NGC money reinvest in the country, but good for rowley to mandate that NGC sponsor the $300m train 1 turn around, just to save face that another plant isnt shuttered. that will have to last at least until 2025."
Redman wrote:zoom rader wrote:Kant explain what Smash wroteRedman wrote:PEA analysis for the win.
Who you ask ..Anil?
"andit was bad for kamala to say to use the NGC money reinvest in the country, but good for rowley to mandate that NGC sponsor the $300m train 1 turn around, just to save face that another plant isnt shuttered. that will have to last at least until 2025."
explain why it was necessary to drain NGC 16B...in a period where the GORTT had its highest revenue AND still ran 34B in new debt?
Tell me the return on Kamla s 16b reinvestment.?
Why should NGC inject itself into train one....at a time when prices out to 2050 point generally higher ?
Seems a reasonable long term play...simplified ownership and capture more of the revenue.
Opposite to the PP approach of future tax holidays to give we money now...
We in a tough industry.
https://www.mckinsey.com/industries/oil ... or-growth#
How to win in the new LNG environment
To capture the growth potential of LNG in an increasingly competitive market, most companies need to shift how they conduct business, particularly by focusing their efforts in five areas. While these actions differ from those that supported success in the old commercial model—gaining control of gas resources, building strong customer relationships—executing them well will be key to navigating a volatile market.
Might not be as sensible as NGC building a waste water plant...
De Dragon wrote:Habit7 wrote:1. You said, "Loran-Manatee will NEVER happen under Maduro." Well it is.
2. US Sanctions didn't force Chevron out, Chevron sold their interest in Block 6 Manatee to Shell Trinidad, US Sanctions in Venezuela has nothing to do with that. But Chevron is still present on the Loran/Venezuelan side. They backed out. Now come back and tell us what you really meant to say.
3. You said, "If you're short of natural gas by, by oh let's say 10MMSCF, producing 5 MMSCF by 2025, when 10 plants have already shut down, helps absolutely no one." This is a stupid and myopic statement, in the 5 years of development it produces jobs and economic activity in the sector and when the production starts then it will go to the plants. How can you be so bitter to say it "helps absolutely no one"?
4. Nobody said Ruby was the end of our gas woes. This is a desperate strawman.
5. I literally linked to an article with the PM saying Gas from the Manatee field in 2025. Yet you ask, "How long will Dragon/Loran Manatee take to achieve first gas?" And you wonder why I doubt your reading and comprehension skills?
Continue to beat up and having to come again to clarify and tell us what you meant when you said... This is becoming entertaining seeing you melt down because men are "learned" and "have first hand knowledge". Have you ever stopped to think the reason why we can point out your lies and inconsistencies is because we do?
JackTunts,
1) Loran/Manatee is now virtually Manatee due to the drastic change in the nature of the field's development, meaning that Shell is now tasked to develop Manatee alone for T&T, so Loran/Manatee as originally envisaged, will NEVER happen under Maduro.
2) It seems you nickname is Chevron +, because Chevron themselves have said that they removed themselves from the project due to US sanctions. Shell are also quoted as saying their involvement is with the express observance of, and compliance with, US sanctions
3)10 is greater than 5 in case your dinosaur brain didn't know.
5 in 5 years is still less than 10, instead now it is less for 5 years
5 will be either absorbed in taking the curtailed plants to capacity, or if reopened will be distributed to all the plants creating what again? CURTAILMENTS, you absolute moron!
4) Where did you think the 5 in 5 year in my original reply came from? I know Ruby is 5 years for 1st gas, but what happens after that is the question.
Keep trying, you might fool one person besides your tag team partner Failed Red Bags, who btw is doing and excellent keke backup role to you.
De Dragon wrote:Redman wrote:zoom rader wrote:Kant explain what Smash wroteRedman wrote:PEA analysis for the win.
Who you ask ..Anil?
"andit was bad for kamala to say to use the NGC money reinvest in the country, but good for rowley to mandate that NGC sponsor the $300m train 1 turn around, just to save face that another plant isnt shuttered. that will have to last at least until 2025."
explain why it was necessary to drain NGC 16B...in a period where the GORTT had its highest revenue AND still ran 34B in new debt?
Tell me the return on Kamla s 16b reinvestment.?
Why should NGC inject itself into train one....at a time when prices out to 2050 point generally higher ?
Seems a reasonable long term play...simplified ownership and capture more of the revenue.
Opposite to the PP approach of future tax holidays to give we money now...
We in a tough industry.
https://www.mckinsey.com/industries/oil ... or-growth#
How to win in the new LNG environment
To capture the growth potential of LNG in an increasingly competitive market, most companies need to shift how they conduct business, particularly by focusing their efforts in five areas. While these actions differ from those that supported success in the old commercial model—gaining control of gas resources, building strong customer relationships—executing them well will be key to navigating a volatile market.
Might not be as sensible as NGC building a waste water plant...
Are you really supporting and defending the GORTT financing the turnaround of a private company's plant in which it is a minority shareholder?
sMASH wrote:Pea brain healthier than Bobbyhead.Redman wrote:PEA analysis for the win.
Who you ask ..Anil?
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