AZP News

Tags : Petrotrin

No Carnival 2021, but Patriotic is Ole Mas – Moonilal

  By Prior Beharry WHILE there was no Carnival for 2021, Patriotic Energies and Technologies Limited was ole mas. This was the comment from Oropouche East MP Dr Roodal Moonilal in the Lower House on Friday during a non-confidence motion against the Minister of Energy and Energy Industries Franklin Khan. Patriotic, a subsidiary of the […]Read More

Patriotic Wants Meeting with PM… Says they can Complete Refinery

AFTER being rejected in its bid to acquire the Pointe-a-Pierre refinery, Patriotic Energies and Technologies Company Limited is requesting a meeting with Prime Minister Dr Keith Rowley to prove that it has the financial backing to complete the transaction. This after being blanked on two occasions. The latest came in an announcement at a joint […]Read More

Kamla: Government will Sell $1B in Paria Assets

  By Sue-Ann Wayow THE Government’s intention is not only to sell the refinery at Pointe-a-Pierre but all the assets owned by Paria Fuel Trading  Company Limited, valued at over $1 billion US. And that price tag the Oilfield Workers’ Trade Union (OWTU) could not afford to pay and therefore the decision can now be […]Read More

Flooding in Point Fortin After Old Refinery Tank Fails

  THE hydro testing of a tank at the now defunct refinery in Point Fortin causes flooding. The testing of a tank at the old Petrotrin refinery now under Heritage Petroleum has caused flooding in Clifton Hill in Point Fortin. The tank failed during testing and caused flooding in drains that became overwhelmed. Some of […]Read More

Energy Capsule: Heritage Profit a Moot Point

TO see any profit at Heritage Petroleum Company Limited as some vindication for the closure of Petrotrin is really a moot point. The Exploration and Production division of Petrotrin which is now Heritage Petroleum was always a profitable entity. ——————————- The issue that arose in the refinery was the treatment of non-cash items such as: […]Read More

Ex-UNC Senator makes Bid to Stop Sale of Pointe-Pierre Refinery

  A former United National Congress senator is trying to stop the sale of the Petrotrin refinery in Pointe-a-Pierre through a constitutional motion filed in the High Court. Wayne Sturge, an attorney, filed that matter against the failure of the Minister of Finance Colm Imbert, as the chairman of the Joint Select Committee (JSC) on […]Read More

Imbert: New Refinery Owners will have No Debt, Fewer Staff

  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

OWTU Wins Bid for Pointe-a-Pierre Refinery

  THE Oilfield Workers Trade Union (OWTU) is going to be the new owner of the Pointe-a-Pierre refinery with a US$700 million offer. Speaking in Parliament on Friday, Finance Minister Colm Imbert said Government has accepted the union’s offer. He said Pa­tri­ot­ic En­er­gies and Tech­nolo­gies Com­pa­ny Ltd (PET­CL), fully owned by the OWTU, was the […]Read More

Ramnarine: More Offshore Drilling in Guyana than Trinidad

  CUNUPIA – FORMER energy minister Kevin Ramnarine says drilling activity in Trinidad and Tobago has declined by 57 percent in the last four years. He was speaking on Wednesday at the United National Congress (UNC) Pavement Report at the Ragoonanan Road Government Primary School in Cunupia. Ramnarine said, “There is a major slowdown taking […]Read More

Ramnarine: Change SPT Regime

A former minister of energy in calling on the Trinidad and Tobago Government to change the Supplemental Petroleum Tax (SPT) regime in order to encourage investment in the energy sector. Kevin Ramnarine said, “The Government cannot expect companies to increase oil production while leaving the Supplemental Petroleum Tax regime as it is. “The SPT needs […]Read More