UNDER its last proposal, Patriotic Energies and Technologies Company Limited wanted the Pointe-a-Pierre refinery and Paria Fuel Trading Company for free, without money, collateral or security and could mortgage both assets as it saw fit. This according to Finance Minister Colm Imbert who issued a release on Saturday following a press conference by the […]Read More
THE Oilfields Workers’ Trade Union (OWTU) is asking if the Government is engaged in talks with another entity while its subsidiary Patriotic Energies and Technologies Company Limited will was trying to purchase the Pointe-a-Pierre refinery. So claimed OWTU president-general Ancel Roget at a news conference at the union’s headquarters in San Fernando on Friday. He […]Read More
By Sue-Ann Wayow IT would be irresponsible of the Government to sign off on the agreement with Patriotic Energies and Technologies, the company that is expected to take over the refinery at Pointe-a-Pierre before election day. This is a paid political advertisement Energy Minister Franklin Khan said there were still some issues to […]Read More
FISHERMEN and Friends of the Sea (FFOS) says it is patiently waiting for the resumption of a supply of regular gas. In a release on Friday, FFOS congratulated the Oilfield Workers Trade Union (OWTU) in acquiring the Pointe-a-Pierre refinery through his wholly own company Patriotic Energies and Technologies Services Limited. The release referred to […]Read More
FINANCE Minister Colm Imbert says the fact the Pointe-a-Pierre refinery is being sold debt free means that the new owners can make it profitable. He made the point at a news conference on Wednesday. Patriotic Energies and Technologies, the wholly owned company of the Oilfield Workers Trade Union (OWTU), is the preferred bidder for […]Read More
FORMER energy minister Kevin Ramnarine says Trinidad and Tobago is in a state of shock with the impending sale of the Pointe-a-Pierre refinery to Patriotic Energies and Technologies Company Ltd (PETCL) which is fully owned by the OWTU. And he has asked eight questions: Was this a political decision or an economic decision? Where […]Read More
OPPOSITION Kamla Persad-Bissessar wants to know how a newly-formed company by the Oilfield Workers Trade Union could purchase the Pointe-a-Pierre refinery. On Friday, Minister of Finance Colm Imbert revealed that the preferred bidder Patriotic Energies and Technologies Company Limited will acquire the company at $700 million. Persad-Bissessar said that while at face value the Opposition […]Read More
