(Argus, 19.Jan.2021) — Trinidad and Tobago will seek new bids for its idle 165,000 b/d Pointe-a-Pierre refinery following the November 2020 collapse of a sale agreement with a labor union-owned company, energy minister Franklin Khan said today. A $700mn offer from Patriotic Energies and Technologies (PET) in 2019 was preferred […]
Tag: Pointe-à-Pierre Refinery
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 […]
TT Budget On Oil Price Swing
(Trinidad and Tobago Newsday, Carla Bridglal, 22.Nov.2018) — Crude oil’s importance to the TT economy is now second to natural gas, but its contribution is by no means miniscule — estimated to be 6.8 per cent of GDP in 2018 — and so the country should at least be monitoring […]
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 […]
Petrotrin Concerned: Ramnarine and Seepersad-Bachan
(Trinidad and Tobago Newsday, Sasha Harrinanan, 29.Aug.2018) — Former energy ministers Kevin Ramnarine and Carolyn Seepersad-Bachan, both of whom served under the previous administration, are asking if Petrotrin’s board considered the wider impact of closing its refinery. Ramnarine, in a statement after the board’s announcement yesterday, said “the closure of […]
PDVSA Says Oil Spill Clean-up Advances
(Energy Analytics Institute, Piero Stewart, 20.May.2017) – PDVSA announced that clean-up activities continue along the Venezuelan coast off Sucre state, related to the spill of crude oil at the Pointe-à-Pierre refinery in Trinidad and Tobago, reported the state oil co. in an official statement. After reviewing clean-up activities along the […]
Trinidad Oil Spill Reaches Venezuelan Beaches
(Energy Analytics Institute, Aaron Simonsky, 13.May.2017) – PDVSA has intensified contingency measures to counter the ill effects of an oil spill that occurred last week in neighboring Trinidad and Tobago. Oil from the spill has reached the Venezuelan eastern coast including the Bay of Morro de Puerto Santo and Cipara […]