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K74T wrote:4 years today since the closure of Petrotrin...
K74T wrote:4 years today since the closure of Petrotrin...
The_Honourable wrote:Trinidad Petroleum Holdings Ltd (TPHL), has terminated all discussions with US-based company Quanten LLC for the sale of the Pointe-a-Pierre Refinery. However, Prime Minister Dr. Keith Rowley says a number of other entities have expressed interest.
Just in time for the lifting of the scrap metal ban....The_Honourable wrote:Trinidad Petroleum Holdings Ltd (TPHL), has terminated all discussions with US-based company Quanten LLC for the sale of the Pointe-a-Pierre Refinery. However, Prime Minister Dr. Keith Rowley says a number of other entities have expressed interest.
bluefete wrote:Is licks they (Patriotic) like so??? Or is dotish they dotish?
gastly369 wrote:Mc gone to blight dem from the start...
Buying scrap iron ole battery buyin....The_Honourable wrote:Rowley promotes Petrotrin refinery at Guyana energy conference
Prime Minister Dr Keith Rowley spent a portion of his address at the international energy conference being held in Guyana this morning promoting the mothballed Petrotrin refinery Pointe-a-Pierre for sale.
"The majority of Caribbean countries rely on imports of petroleum products which represent 87 per cent of primary energy consumption.
As a result oil-importing countries in the Caribbean have reported spending up to 15 per cent of annual GDP in fuel imports," Rowley stated.
Rowley said the heavy dependence on imported energy has negatively affected the economic performance of many Caribbean nations and contributed to instability in both fiscal and external accounts, including T&T which was importing most of its crude oil and then creating refined products with domestic needs and for the regional market.
"This import and refined model was being carried on with significant loan support from the national treasury by 2018 in the absence of an improved crude oil supply the accumulated debt and projections for sustained losses resulted in a restructuring of the state-owned company and this included the closure of the refinery which in the absence of a new source of crude stands mothballed at Pointe-a-Pierre in Trinidad," he said.
"This refinery and its supporting infrastructure are available for restart, upgrade and use on reasonable terms to any interested refiner or crude supplier," he said.
Later in his address as Rowley spoke on the proposed Dragon Gas deal he again reminded the attendees of the availability of the refinery for sale.
"We are still exploring the market for a user for the refinery as mentioned," he said.
The second annual International Energy Conference and Expo is being held at the Guyana Marriott Hotel in Georgetown.
Rowley is among several heads of government who are in attendance at the event.
Source: https://www.guardian.co.tt/business/row ... b56c044e4e
We also forgave the debts of a certain newly rich country.hover11 wrote:Fun fact: This year will be fifty years ago that the caricom was formed with the intention of regional integration, which never happened, Trinidad being a part of this organization always felt superior to other member countries, we even rejected certain country goods while our products are abundant in stores in other member states, leaders of caricom member states must be smart in decision making as their decisions have long lasting ramifications . Now that Trinidad natural resources running low you want to pool resources, now the tables will turn I hope we ready for it.
Wing,wing wrote:We also forgave the debts of a certain newly rich country.hover11 wrote:Fun fact: This year will be fifty years ago that the caricom was formed with the intention of regional integration, which never happened, Trinidad being a part of this organization always felt superior to other member countries, we even rejected certain country goods while our products are abundant in stores in other member states, leaders of caricom member states must be smart in decision making as their decisions have long lasting ramifications . Now that Trinidad natural resources running low you want to pool resources, now the tables will turn I hope we ready for it.
It's not about the money per se, but the understanding that when member countries were in need, the richer countries assisted in whatever way. Neemakharamism shouldn't rear it's head especially with the newly rich.hover11 wrote:Wing,wing wrote:We also forgave the debts of a certain newly rich country.hover11 wrote:Fun fact: This year will be fifty years ago that the caricom was formed with the intention of regional integration, which never happened, Trinidad being a part of this organization always felt superior to other member countries, we even rejected certain country goods while our products are abundant in stores in other member states, leaders of caricom member states must be smart in decision making as their decisions have long lasting ramifications . Now that Trinidad natural resources running low you want to pool resources, now the tables will turn I hope we ready for it.
You and I both know they were not gonna pay , either way we had to call that money dead. Don't forget we also owe countries such as Anguilla, St.Kitts ,Monserrat and the Virgin Islands who are threatening to take legal action against us
The point fortin refinery was dismantled in part to make way for Atlantic LNG. It was never intended to be restarted. The storage tanks were supposed to have remained in operation though. Pointe a Pierre could still be restarted only after major turnaround works. Nothing substantial has been dismantled as yet.Richard Coer de Poulet wrote:As a young man i would always look at the lights at the refinery, everyone i knew who worked there were well off even if they started of poor. ofc i hoped one day i could be there. but again from the view of a young man the refinery in point fortin shared the same story now is total junk. imagine since i born this was left to rot. and from where i sit PAP gonna rot too.
hover11 wrote:Wing,wing wrote:We also forgave the debts of a certain newly rich country.hover11 wrote:Fun fact: This year will be fifty years ago that the caricom was formed with the intention of regional integration, which never happened, Trinidad being a part of this organization always felt superior to other member countries, we even rejected certain country goods while our products are abundant in stores in other member states, leaders of caricom member states must be smart in decision making as their decisions have long lasting ramifications . Now that Trinidad natural resources running low you want to pool resources, now the tables will turn I hope we ready for it.
You and I both know they were not gonna pay , either way we had to call that money dead. Don't forget we also owe countries such as Anguilla, St.Kitts ,Monserrat and the Virgin Islands who are threatening to take legal action against us
ECCU could sue Trinidad & Tobago for monies owed, says PM BrowneDizzy28 wrote:hover11 wrote:Wing,wing wrote:We also forgave the debts of a certain newly rich country.hover11 wrote:Fun fact: This year will be fifty years ago that the caricom was formed with the intention of regional integration, which never happened, Trinidad being a part of this organization always felt superior to other member countries, we even rejected certain country goods while our products are abundant in stores in other member states, leaders of caricom member states must be smart in decision making as their decisions have long lasting ramifications . Now that Trinidad natural resources running low you want to pool resources, now the tables will turn I hope we ready for it.
You and I both know they were not gonna pay , either way we had to call that money dead. Don't forget we also owe countries such as Anguilla, St.Kitts ,Monserrat and the Virgin Islands who are threatening to take legal action against us
What are we owing those places money for? With the exception of St Kitts they are not even sovereign countries but territories of the UK (and US assuming its USVI)
Stale news, much ado about nothing. Guyana made their announcement months ago. Refining is extremely profitable if you have cheap oil, ie if you produce it yourself or somehow purchase at below market value. The patriotic bid is not looking so bad now lol. Anyway there's always the option of scrapping.The_Honourable wrote:Heh heh heh... no
Guyana not interested in Pointe-a-Pierre refinery
Guyana’s Minister of Natural Resources Vickram Bharrat addresses the crowd at the International Energy Conference and Expo at the Guyana Marriott hotel in Georgetown yesterday.
T&T’s mothballed refinery in Pointe-a-Pierre does not fit into Guyana’s plans for its energy future, that country’s Natural Resources Minister Vickram Bharrat has said.
In fact, Bharrat says Guyana is actively considering constructing its own refinery, as it aims to become self-sufficient when it comes to energy.
“We’re looking to build our own refinery in country,” Bharrat said in an interview with News Room Guyana following a panel discussion at the international energy conference here at the Guyana Marriott yesterday, as he addressed overtures made by T&T Prime Minister Dr Keith Rowley on Tuesday, for regional countries to look at the Pointe-a-Pierre refinery as an option.
“We are trying to ensure that we are self-sufficient in terms of energy, so that’s why we are moving towards setting up the refinery in country,” he added,.
Bharrat said that the government has already issued a Request for Proposals for a privately-owned 30,000-barrel-per-day oil refinery in East Berbice-Corentyne and that a decision will soon be made on the nine proposals received so far.
According to Bharrat, Guyana currently requires 15,000 barrels of oil per day and with the growing energy demand, it is believed that the refinery will be sufficient.
Although Guyana is not considering the mothballed Petrotrin refinery at Pointe-a-Pierre, that will have no impact on the relationship between the two countries, he said.
“Trinidad has the experience and the expertise as well too and quite honestly, we haven’t been focusing too much on gas,” he said.
“We have spent a lot of our time on oil, rightly so, because of the price of oil (but) because of the way the world is going, the demand for oil might not be long lasting but gas is seen as a transitional fuel,” he added.
On the opening day of the four-day conference on Tuesday, PM Rowley promoted the Pointe-a-Pierre refinery as a viable option for anyone interested in a refinery.
Rowley said the heavy dependence on imported energy has negatively affected the economic performance of many Caribbean nations and contributed to instability in both fiscal and external accounts, including T&T, which was importing most of its crude oil and then creating refined products with domestic needs and for the regional market.
“This import and refined model was being carried on with significant loan support from the national treasury. By 2018, in the absence of an improved crude oil supply, the accumulated debt and projections for sustained losses resulted in a restructuring of the state-owned company and this included the closure of the refinery, which, in the absence of a new source of crude, stands mothballed at Pointe-a-Pierre in Trinidad,” he said.
“This refinery and its supporting infrastructure are available for restart, upgrade and use on reasonable terms to any interested refiner or crude supplier,” he added.
Later in his address, as Rowley spoke on the proposed Dragon Gas Field deal, he again reminded the attendees of the availability of the refinery for sale.
“We are still exploring the market for a user for the refinery as mentioned,” he said.
Energy Minister Stuart Young told Guardian Media on Tuesday that proposals for the refinery keep coming in.
“The Prime Minister has again drawn reference to the fact that in T&T, there is an oil refinery that remains available. We are constantly, through TPHL (Trinidad Petroleum Holdings Ltd), looking at proposals because we continue to receive proposals, but if Guyana is interested that is something we have told them we would welcome.”
Speaking earlier in the day yesterday, Bharatt also addressed Guyana’s local content law, which caused some contention between businessmen from Guyana and T&T last year.
“Local content legislation is in no way a hindrance to investment coming into Guyana. It was never designed to be a hindrance to development or investment coming into our country, because we do need investors, we need partners to develop our resources in this county. We cannot do it alone,” Bharrat said.
He said Guyana is open for business.
“As a government, we have an open-door policy to investment we have an open-door policy to any investor coming into our country,” he said.
https://guardian.co.tt/news/guyana-not- ... fffd10a87e
Dizzy28 wrote:hover11 wrote:Wing,wing wrote:We also forgave the debts of a certain newly rich country.hover11 wrote:Fun fact: This year will be fifty years ago that the caricom was formed with the intention of regional integration, which never happened, Trinidad being a part of this organization always felt superior to other member countries, we even rejected certain country goods while our products are abundant in stores in other member states, leaders of caricom member states must be smart in decision making as their decisions have long lasting ramifications . Now that Trinidad natural resources running low you want to pool resources, now the tables will turn I hope we ready for it.
You and I both know they were not gonna pay , either way we had to call that money dead. Don't forget we also owe countries such as Anguilla, St.Kitts ,Monserrat and the Virgin Islands who are threatening to take legal action against us
What are we owing those places money for? With the exception of St Kitts they are not even sovereign countries but territories of the UK (and US assuming its USVI)
Based on what their Prime Minister said , they trying their best not to be like Trinidad and end up in the situation that we are currently in, where we wasted the opportunity. They using us a poster child of what not to be given their new found resources. Which is probably why they want nothing to do with us , so Christopher can extend all the olive branches he wants to them , they will politely decline all.VexXx Dogg wrote:You think Guyana will get bitten by the Dutch Disease mosquito?
It's also noteworthy that the electorate was mature enough to effect change just as the oil boom gets going. At least Guyana has started to use it's resources wisely and has looked to T&T for lessons on what not to do. After all their struggles, the Guyanese are poised to enjoy the good life. See what happens when there is a credible alternative to racist, classist and corrupt governance.hover11 wrote:Based on what their Prime Minister said , they trying their best not to be like Trinidad and end up in the situation that we are currently in, where we wasted the opportunity. They using us a poster child of what not to be given their new found resources. Which is probably why they want nothing to do with us , so Christopher can extend all the olive branches he wants to them , they will politely decline all.VexXx Dogg wrote:You think Guyana will get bitten by the Dutch Disease mosquito?
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