(Trinidad and Tobago Newsday, 6.Feb.2022) — The Prime Minister has instructed Energy Minister Stuart Young to lay the full details of the arbitration proceedings between with A&V Oil and Gas Drilling and Trinidad Petroleum Holdings Ltd (TPHL) in what was called the “fake oil” scandal He made the statement during […]
Tag: Petroleum Company of Trinidad and Tobago Limited (Petrotrin)
Oil Chairmen Meets Mgmt
(Trinidad Express, 26.Aug.2019) — Trinidad Petroleum Holdings Ltd’s (TPHL) newly appointed chairman Michael Quamina said the company and its subsidiaries would continue working towards becoming sustainably profitable. Quamina and Newman George met with members of the TPHL management teams to get an overview of the operations and business update. Last […]
T&T’s Lake Asphalt In Overdrive To Diversify
(T&T Newsday, Carla Bridglal, 25.Jul.2019) — For years the board and management of Lake Asphalt TT Ltd knew the company needed to diversify its product offerings. The company started making incremental changes to its strategy, attempting a shift from its primary business, selling the bitumen from Petrotrin’s Pointe-a-Pierre refinery. (Bitumen […]
Petrotrin Lies Will End Keith Rowley’s Reign As PM
(T&T Newsday, Yvonne Webb, 23.Jul.2019) — President General of the Oilfield Workers Trade Union (OWTU) Ancel Roget is predicting that the many lies told about the closure of Petrotrin would mark the end of the reign of Prime Minister Dr Rowley’s administration. Just as the “campaign of lies and deceit” […]
Contrasting Cases Of Energy Dependence: Venezuela and Trinidad and Tobago
(NACLA, Zophia Edwards and Timothy M. Gill, 14.May.2019) — Trinidad and Tobago used to be as dependent on oil as Venezuela. So why hasn’t its economy suffered similar levels of crisis since oil prices began to decline? Away from the economic and political calamity in Venezuela, just seven miles off […]
Trinidad Government Announces New Company For Refinery Assets
(Trinidad and Tobago Newsday, Carla Bridglal, 18.Oct.2018) The government has announced a new state company, Guaracara Refining Company, into which the assets of the Pointe-a-Pierre refinery will be placed. The refinery is scheduled to be shuttered by next month, and after the assets have been transferred to Guaracara, the company […]
Trinidad Government Defends Decision To Close Petrotrin
(CMC, 3.Oct.2018) — The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil company, Petrotrin, insisting that the company was losing billions of dollars (One TT dollar=US$0.16 cents) annually. Finance Minister Colm Imbert, delivering the TT$51.7 billion budget […]
$2.6 Billion to Close Petrotrin Refinery
(LoopTT, Darlisa Ghouralal, 1.Oct.2018) — Severance packages for retrenched Petrotrin workers are expected to cost the State in the region of $2.6 billion. Finance Minister Colm Imbert made the announcement based on initial estimates as he delivered the 2018/2019 fiscal package in Parliament on Monday. State-owned oil company Petrotrin began its […]
Trinidad Energy Chamber, Petrotrin Officials Discuss Refinery Closure
(Energy Analytics Institute, Aaron Simonsky, 30.Sep.2018) — Members of the Energy Chamber of Trinidad & Tobago and a Petrotrin transition team meet to discuss issues related to closure of the Petrotrin refinery, among others energy related issues. The officials discussed the impending closure of the Petrotrin refinery, located Pointe-Ă -Pierre, and […]
Petrotrin Financials, Details About Pointe-a-Pierre Refinery
(Energy Analytics Institute, Ian Silverman, 29.Aug.2018) — It’s official: Petrotrin or the Petroleum Company of Trinidad and Tobago Limited will cease to operate its lone refinery located at Pointe-a-Pierre. What follows are details about the company, as per its website. OUR COMPANY We are an integrated oil and gas company, […]