AZP News

Tags : Pointe-a-Pierre Refinery

Imbert: After Meeting, Still No Refinery for Patriotic

  MINISTER of Finance Colm Imbert confirms a meeting with Patriotic Energies and Technologies Company Limited on Thursday. But he noted that he the Cabinet decision of February 18, when for a third time Patriotic’s bid for the refinery was rejected, stands. In a release on Friday, Imbert said he met with Patriotic  “to clarify […]Read More

Patriotic says it has $1B to Restart Refinery

    PATRIOTIC Energies and Technologies Limited says it has US$1 billion to restart the Pointe-a-Pierre Refinery. In a release on Saturday it stated, “Arriving at an agreement would allow Patriotic to make its upfront payment of US$500 Million and invest another US$500 Million to restart the refinery.” Patriotic is requesting another meeting with Imbert […]Read More

Imbert: Patriotic wanted Pointe-a-Pierre Refinery for Free

  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

OWTU: Is Government in Talks With Other Business for Petrotrin?

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

Government Blanks Patriotic for 3rd Time… No Pointe-a-Pierre Refinery for

  FOR a third time, the Government has rejected a bid by Patriotic Energies and Technologies Company Limited for the purchase of the Pointe-a-Pierre refinery. Speaking at a post-Cabinet news conference on Thursday, Finance Minister Colm Imbert said that Patriotic has put forward two options which were rejected by the Government. He said the first […]Read More

Patriotic Submits Another Bid for Refinery

  PATRIOTIC Energies and Technologies Company Limited submits its latest attempt for the purchase of the Pointe-a-Pierre to the Minister of Finance Colm Imbert during the wee hours of Friday. In a release, the Oilfield Workers’ Trade Union (OWTU), which owns Patriotic, stated that its latest response was submitted at 1.42 am on Friday via […]Read More

Patriotic Gets 15-Day Extension to Acquire Refinery

Patriotic Energies and Technologies Company Limited is given 15 more days to raise US$500 million dollars for the purchase of the Pointe-a-Pierre refinery. A release issued on Wednesday by the Finance Minister Colm Imbert noted that as corporation sole he has been directed by Cabinet to give the extension to Patriot. The release stated: “The […]Read More

Kamla: Rowley has Not Denied My Statements on Trafigura

  By Sue-Ann Wayow OPPOSITION Leader Kamla Persad-Bissessar says Prime Minister Dr Keith Rowley has not denied any of her statements on Trafigura Group Pte Ltd involvement in the purchase of the Pointe-a-Pierre refinery by Patriotic Energies and Technology Company Limited. And she is standing by her statements on Monday night concerning the proposed bid […]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

PM Orders Evaluation of Pointe-a-Pierre Refinery RFP

  THE Ministry of Energy and Energy Affairs will be continuing with the evaluating of Request for Proposals (RFP) for the use of the Pointe-a-Pierre refinery. In a press release on Monday, the ministry stated that the instructions were given by Prime Minister Dr Keith Rowley. The ministry stated, “On the instruction of the Prime […]Read More