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Updated: 1 hour 11 min ago

Khan: Workers will get attractive packages

Thu, 08/30/2018 - 22:38

Energy Minister Franklin Khan says plans are being worked on to “soften the effects” of the closure of the refinery at state-owned Petrotrin and is assuring the workers being exited will be given “very attractive packages.”

Khan is also insisting Oilfield Workers’ Trade Union president general Ancel Roget was told in “no uncertain terms” by the Prime Minister that the refinery would be closed when the two met last week.

Speaking on CNC3’s Morning Brew yesterday, Khan said, “I was in the meeting and the answer to that is a resounding yes. He was told in no uncertain terms by the Prime Minister that the refinery will be shutting down.”

Khan said the Government could not tell Roget what to do when asked if Roget was told not to inform his membership of the planned shutdown.

Khan, who has responsibility for Petrotrin, said the Government “is not kicking the can down the road”.

“We know the consequences of some of the decisions have some far-reaching consequences and we are working on a plan to soften the effects and to make sure the population knows that we are not an uncaring Government,” Khan said.

Khan said they were aware 2,000 workers would be directly affected but he assured workers who are between 50 and 55 will get early retirement “with full pension and that is a gift” and the other workers will get “very attractive packages.”

Khan did not want to get into the details of specific figures, saying those were still being worked out but assured “nobody will be leaving Petrotrin hand to mouth, they will have serious benefits, especially those who are on early retirement and those who are not will have a significant cash outlay so that they can search for other investments and look for other professions and jobs.”

He said the country had struggled for decades to keep the refinery alive but he said “the data showed there was absolutely no hope for this refinery to survive profitably as presently constructed and configured. It was causing serious haemorrhage into the cash flow.”

The money saved from the “haemorrhaging”, Khan said, will be better spent on other parts of the economy to assist the very people who will be displaced.

He admitted that the closure of the refinery will negatively impact Marabella, Claxton Bay, Vistabella and parts of San Fernando, but said Government was committed to assisting those communities affected and things are being put in place.

Khan said the refinery will be transformed into a terminal facility, a new business model, where Petrotrin will be importing finished product in bulk and redistributing to the Caribbean and to the local market. He said bunkering will be proposed “because there is a lot of storage capacity and port facilities in Point-a-Pierre, it is just the processing plant that will be shut down.”

Sourcing the petroleum products for the local and Caribbean markets would not be an issue, Khan said, since they are internationally traded items.

Khan believes there will still be a profitable business at Point-a-Pierre but not at the scale the refinery was in terms of employment and generating spin-off economic activity.

He said the cash coming out of the restructured company will have two functions “a component to repay debt, because we are loaded in debt and the rest will be reinvested in Exploration and Production. When you invest you win more oil and when you win oil you make more money.”

Khan said he was of the view that had money which was invested in the refinery over the years been directed at Trinmar, “we would have been laughing to the bank today, but those decisions were taken and what has happened has happened and these are the consequences of these actions we face today.”

He said the new Exploration and Production “will look like a fit for purpose, nimble and independent energy company” which will bring “new life” to communities on the South West Peninsula, Fyzabad, Point Fortin, Guapo, Palo Seco and Santa Flora.

Categories: News

Plan is to send 3,500 home

Thu, 08/30/2018 - 22:37

T&T is now 56 years old as an independent nation but there is nothing to celebrate today, as the country’s leadership is plunging the lives of 45,000 citizens into chaos with the decision to close the Pointe-a-Pierre Refinery.

This is the view of Oilfields Workers’ Trade Union (OWTU) president general Ancel Roget, who yesterday vowed that Petrotrin will be saved but the ruling People’s National Movement Government will “be no more” as the union plans a major fight back.

At a media conference at the OWTU’s Paramount Building headquarters in San Fernando, Roget said the Petrotrin board was not telling the truth, as their plan is to shut down the entire company and hire 800 employees to operate its revamped Exploration and Production (E&P) operation.

On Tuesday, Petrotrin chairman Wilfred Espinet announced the discontinuation of the company’s Refining and Marketing operation, which signalled the closure of the 101-year-old refinery. Espinet said this meant 1,700 permanent and casual workers would be retrenched.

Yesterday, Roget said on Tuesday the board presented three slides to the union, which was the same thing they presented to the Cabinet, which led to the approval to shut down the refinery. The slides contained three scenarios: Continue business as usual, retrench 1,500 workers or transform the financial performance of the company with a workforce reduction of 2,400.

He said those three slides were presented to Prime Minister Dr Keith Rowley, as opposed to the union’s comprehensive plan for the company’s turnaround that was previously submitted to the board. He said it was on the basis of that plan the union signed a Memorandum of Agreement with Petrotrin in April to establish a working committee to oversee and implement the restructuring of the company. But he said the union believed it was hoodwinked by the company as no meetings of the committee was ever held.

Breaking down the figures yesterday, Roget said it would not, in fact, be 1,700 workers being retrenched but all 3500 permanent employees.

“They are moving swiftly ahead to implement the scenario wherein the upstream operation, to exit fully, 1,700 workers and in the downstream, which is the refinery, another 1,700 workers. While they tell you something else, their proposal, in summary, is to send home all of the workers in Petrotrin and rehire some 800 workers. Then shut down the refinery, open some ‘terminalling’ operation and hire 200,” Roget said.

With the number of vacancies currently existing, which are filled by casual and temporary employment on a rotational basis, he said an additional 2,000 people will be affected. An estimated 3,500 employees who work on a rotation for contractors of Petrotrin will also feel the pinch, he said.

With an estimated 9,000 employees expected to be affected, Roget said workers’ families must be added to the mix, resulting in a figure of 45,000. He also stressed that the economy in the southern part of the island will be impacted, including the maxi taxi drivers, doubles vendors, shops and stores. Sports and cultural development, which Petrotrin once sponsored, will also take a hit.

Categories: News

Billion payout

Thu, 08/30/2018 - 22:31

A billion-dollar Petrotrin payout is ahead to refinery workers who will lose jobs—including an early retirement package for those over 55 who will receive full pensions.

“We haven’t worked it out fully yet but the (termination benefits package) figure will be huge - significantly more than a billion dollars,” Energy Minister Franklin Khan told reporters yesterday.

Khan gave the estimated cost of workers’ termination benefits following yesterday’s launch of state-owned TTT Limited television station, formerly CNMG. (See page A7)

Earlier this week, Petrotrin’s board confirmed plans to close the company’s refinery in October in a move which will cause the loss of 1,700 permanent jobs. But OWTU president general Ancel Roget has called on Government to rescind the decision and call an election or “face chaos.” (See page A5)

But Khan said yesterday, “Mr Roget represents a trade union that seeks to represent workers as it sees fit. T&T’s based on law and order and any action they take, once legal, is acceptable. But if it’s illegal, the state would have to act.”

“So no - we’re not rescinding the decision,” Khan confirmed.

On Roget’s insistence that he wasn’t told of the closure at a recent meeting with Prime Minister Dr Keith Rowley, Khan said, “Yes, he was told. I was at the meeting. The meeting’s minutes will show the Prime Minister indicated in no uncertain terms to Mr Roget that Petrotrin will be getting out of the refining business. As to why (Roget) didn’t communicate that (to OWTU) at that point in time, that’s his call - not mine.”

On termination benefits for workers, Khan said,”All the costs are being worked out as we speak. A lot of milling through of numbers has to be done. We’ll be offering an early retirement plan for people over 55, pay them off and they’ll have their full pension. Then we’ll have an exit package—I don’t want to call it severance—for younger workers. That formula is still being worked out.

“But the (termination benefit) figure will be huge - significantly more than a billion dollars - since the base salary of Petrotrin is big. Any calculation will be based on base salary.”

While refinery workers don’t command the highest salaries and theirs is on par with the company’s Exploration/Production sector’s wages, the refinery has the largest overtime costs, he added. But overtime wouldn’t come into play in termination benefits.

Khan also acknowledged the closure’s effect on the “human side”.

“We’ve said we were left with no other choice—to save putting the economy at risk ... However, no matter what spin you put on it, there are 3,000-2,500 families who will be affected. I’m very much conscious of this and so is the Prime Minister,” Khan said.

“I know most of those workers! I supervised some of them in my career. I feel great empathy for them. That’s why we’re working out proper packages for them. We also hope the spin-off effects for places like Marabella will be something like what happened in Couva and Chaguanas in the post-Caroni era.”

He said major challenges will be in Marabella, Gasparillo and other catchment areas for the refinery.

Khan said he wasn’t worried about Santa Flora, La Brea and Point Fortin, which will have more Exploration and production activities.

“Point will go even further as there’ll be more activity in Trinmar and Atlantic (LNG) is still there,” he said.

Khan says the “exit” agreement for the Petrotrin terminations will be a human resource expense.

“If you have to meet that cost you may probably have to borrow it or something like that. But it’s the only way out of this, you just cannot send people home without anything,” Khan said.

Whether taxpayers will bear some part of this cost, Khan only said, “The termination benefit figure will be part of the cost structure of this reorganisation, but it’s a small figure compared to the annual haemorrhaging (of Petrotrin).”

He said calculation to close the refinery was based on a cost benefit analysis in the context of the operational costs of the refinery, in terms of the haemorrhaging of money because of the importation of crude oil.

However, Khan assured the details of the payout to workers will be worked out “long before October.”

On when the entire process will be completed, he said he hoped “a lot of things will be completed before year-end.”

FUEL STORAGE WILL BE KEY TO COMPANY’S FUTURE

Petrotrin will become a terminalling facility, Energy Minister Franklin Khan reiterated yesterday.

“As we speak, it’ll be converted into a terminalling facility that will use up all its tankage (tanks),” Khan said.

Instead of making its own fuel, Petrotrin will in future be importing fuel as a terminalling facility and selling it at internationally competitive prices to NP, he said. The latter then sells fuel at a subsidised price.

Also, the terminalling facility will accomodate imported finished product in bulk towards shipping to the Caricom market, he said.

“So we can service the Caricom market. It’s just that we wouldn’t be producing the fuel, we’ll be importing the fuel for onward distribution, as a shipping centre,” he said, adding Government is also communicating the Petrotrin development to Caricom partners.

On other aspects of the terminalling plan, he said, “There would be bunkering facilities, as there’s tremendous storage capacity at the refinery. That operation will be much scaled down than if you were running a full refinery.”

Khan said they had not yet sourced from where the imported fuel would emanate. He said Venezuela has a fuel shortage but noted sourcing fuel internationally isn’t a big problem.

Khan said any defective/leaky tanks would be decommissioned.

“The amount of storage you need when you refine 150,000 barrels of oil isn’t the same as when you’re importing the equivalent of 25,000 to 40,000 barrels of oil,” he dsaid.

All that won’t be used presently in the company are the plants - the Desulphurisation plant, Catalytic (Cat) Cracker plant. In due course, programmes will be revealed, Khan added.

He conceded certain projects had affected in the refinery closure - like the Ultra Low Sulphur Diesel plant - which was a “bitter pill to swallow” since it was 90 plus per cent completed but also had major structural issues.

Khan denied Government took “long” to respond to the public on the matter. He noted historical public opinion that political interference had “killed” Petrotrin. Khan added the company’s board was empowered to work autonomously.

“They presented their plan to Cabinet, it was approved and they rolled it out. We don’t have to do ball-by-ball commentary,” he said.

Prime Minister Dr Keith Rowley, who was at yesterday’s function, left while Khan spoke to reporters. Rowley will speak on the Petrotrin situation on Sunday.

He also said the fuel subsidy is still on. In the last Budget, he said all subsidy was removed on fuel but the Budget was pegged on an oil price of US$52 and for this year it averaged over US$60 - resulting in a subsidy.

“Our calculation is the subsidy’s estimated by the end of the fiscal year at about $900 million,” Khan said.

“There’s also a subsidy that Petrotrin absorbs on LPG. That figure is over 500 million so there’s still a heavy subsidy from the state on fuel and on LPG—we haven’t decided exactly how that will be handled.”

Categories: News

ANSA McAL to host concert, fireworks

Thu, 08/30/2018 - 06:20

For the second consecutive year, the ANSA McAL Group will ‘Illuminate’ the skies at the Queen’s Park Savannah, Port-of-Spain, and San Fernando Hill simultaneously for Independence Day, beginning at 8 pm tomorrow.

The fireworks display, powered by Fire One Fireworks, is an Independence Day gift to the people of T&T from the ANSA McAL Group of Companies.

As the nation celebrates its 56th year of Independence, ANSA McAL through its flagship company Carib Brewery Ltd and supported by the Port–of-Spain City Corporation, Music TT, Live Music District, National Lotteries Control Board and Guardian Media will add another gift to the nation in the form of Illumination the Independence Concert which begins from 3 pm to 6pm at the Grand Stand southern foyer at the Queen’s Park Savannah prior to the fireworks display.

As part of the evening’s entertainment, ANSA’s McAL own musically talented employee Marlene Felix and Ninja will be in the line-up of entertainers Joining them will be Lujoe and the Gifted and Xavier Strings. Chutney Soca Monarchs for 2018 Neval Chetlal and Nishard M, as well as the Kings of J’Ouvert, RAPSO, 3 Canal are also featured acts. Bringing the concert to a close will be Belmont based—The Caribbean Steelpan Connextion Ensemble.

Admission to the concert is free and there will be giveaways. No coolers will be allowed inside the venue as Carib will offer Independence specials to the public.

ANSA McAL has promised to continue to amplify its commitment and patriotism through its corporate social responsibility.

TRAFFIC RESTRICTIONS

The T&T Police Service (TTPS) has announced traffic restrictions for tomorrow’s Independence Day parade and fireworks display. The restrictions are due to commence at 6 am and end at 1 am the following day. The parade of different units under the Ministry of National Security will begin at the Queen’s Park Savannah at 8 am. President Paula-Mae Weekes will take the salute before the units begin to march towards the Police Training Academy in St James.

The parade will move south along Frederick Street, west along Park Street unto Tragarete Road, west along Tragarete Road and north along Long Circular Road until the academy’s outer field.

Parking restricted between 6 am and 10 am along Queen’s Park West (between Queen’s Park East and Cipriani Boulevard), Chancery Lane (between Keate Street and Queen’s Park West), Dere Street, Albion Street, Gordon Street and Frederick Street (between Queen’s Park West and Park Street). Parking restricted along Park Street (between Frederick Street and St Vincent Street) from 6 am to 11 am, and along Tragarete Road and Western Main Road (between Roxy Roundabout and Long Circular Road) between 6 am and midday.

There will also be no parking on Long Circular Road (between Western Main Road and Patna Street) from 6 am and 3 pm.

People wishing to attend the parade can park in the Queen’s Park Savannah between 6 am and 11 am by using entrances and exits at Casual’s Corner and at the St Ann’s Roundabout.

In terms of the fireworks display, there will be no parking from midday on Friday to 1 am on Saturday on Queen’s Park West (from Chancery Lane to St Clair Avenue), Maraval Road (from St Clair Avenue to Saddle Road), Circular Road (from Saddle Road to St Ann’s Road), Queen’s Park East (from St Ann’s Road to Queen’s Park West) and Charlotte Street (from Queen’s Park West to New Street). People who contravene the restrictions will be wrecked and impounded at Abattoir Road in Sea Lots opposite the old Central Market.

Categories: News

Eight arrested as four guns seized in west Trinidad

Thu, 08/30/2018 - 06:17

Western Division police have arrested eight men in relation to the seizure of four illegal firearms, this week.

Police arrested five of the suspects on Monday after they stopped their Nissan B15 along the Western Main Road in Westmoorings.

Police found a loaded Glock 17 pistol with 11 rounds of 9 mm ammunition. The gun was also outfitted with a selector which allows the user to fire automatic bursts from the semi-automatic pistol.

The suspects, ages 18 to 21, all from Factory Road in Diego Martin were arrested.

Almost 24 hours later, officers of the Western Division Task Force (WDTF) led by Sgt Ulric Arneaud were on patrol in Richplain, Diego Martin, when they observed three armed men in a bushy area. The men attempted to run away but were arrested.

The officers recovered an FX-9 machine gun, a 12-gauge pump action shotgun, a Glock pistol and 14 rounds of assorted ammunition.

The pistol was also outfitted with a selector.

The eight suspects remained detained up to late yesterday and are expected to be taken to court today.

Categories: News

Drastic reduction in road deaths—police

Thu, 08/30/2018 - 06:15

T&T is on course to record its lowest road fatality figure in almost three decades.

While T&T experienced its lowest toll in 22 years, last year, with 107 road deaths, the historic milestone is now set broken again as the T&T Police Service (TTPS) has recorded a further 11 per cent reduction over the first eight months of the year.

Speaking after the weekly police press briefing at the Police Administration Building in Port-of-Spain yesterday, ASP Harnarine Rampath said that there were 64 road fatalities for the year thus far as compared to 72 during the corresponding period, last year.

If the trend continues, it may mean that T&T’s road fatality toll may remain in double digits.

The toll for 2016 and last year was 135 and 116 respectively.

He stated that of the road fatalities, 28 of the victims were drivers, 11 passengers, 19 pedestrians, two motorcyclists and four pedal bike riders.

Asked about the possible reason for the drastic reduction, Rampath suggested that the frequent use of speed cameras and breathalysers were possible causes.

Despite the promising statistics, Rampath said that his unit would continue with their regular exercises and public education programmes.

“Any life lost is one too many,” Rampath said as he called on drivers and pedestrians to exercise personal responsibility when using the country’s roads.

He also suggested that a demerit points system, which tracks and penalises drivers with multiple driving infractions, and fixed speed cameras at busy roads and highways would also lead to future reductions.

Categories: News

Crime Stoppers boasts of $295m in drug seizures

Wed, 08/29/2018 - 23:06

A total of $295 million worth of illegal narcotics have been seized through the efforts of Crime Stoppers T&T (CSTT) in the past 19 years, according to the organisation.

This and other statistics were revealed by Garland Samuel, the Executive Manager of Crime Stoppers, during a town meeting hosted in conjunction with the Chaguanas Chamber of Commerce at the Chaguanas Borough Auditorium at Cumberbatch Street on Tuesday night.

He said Crime Stoppers is an NGO that is served by a volunteer board of directors that represents members of the business community, the THA and similar entities.

“Crime Stoppers is not the police.. it is a partnership between the community, the media and law enforcement,” he said.

He said in the last 19 years the organisation has been in operation, it has also received 588,066 calls, 19,674 tips that led to 1,607 arrests, and led to the recovery of stolen items to the value of $20, 554, 9924.

Samuel said Crime Stoppers is the best option for reporting crimes since it works on the level anonymity.

He said this may be advantageous to business people who may want to use the tip line as a medium for employees to report criminal activities happening at their business places. He said Crime Stoppers could also be used to report counterfeit goods.

Darrin Carmichael, executive member of Crime Stoppers and CEO of Community Defense Services, gave advice in setting up neighbourhood watch groups. He said safe neighbourhoods are not built but made safe by the people who live there.

He said gated communities may not be that effective in keeping out criminals since criminals can easily penetrate those communities by jumping over a wall or posing as a relative or fast-food delivery personnel.

Carmichael said the level of serious crimes went up from 11,393 reported cases in 2016 to 13,113 in 2017. He said geography no longer governs any community since criminals have the tendency to migrate from one area to the next depending on their needs.

“Some of the cold spots are becoming lukewarm, when Enterprise heats up, they move out.”

Carmichael said while many people may think they are safe in their homes, crime can occur at any place outside the home.

“You stop to buy vegetables, you stop to buy a newspaper, you can be a target any day. It doesn’t matter whether you are in a hot-spot or cold-spot you can become a victim.”

Carmichael said watch groups can work effectively to curb crime by making reports to the law enforcement authorities and are not vigilante groups.

He said watch groups should not confront or question suspects. They do not detain or arrest criminals or put themselves in harm’s way, he said. Carmichael said the reality is that police cannot patrol all areas all the time and may not be

He said members of the community have human intelligence about the people in their neighbourhood and can notice subtle changes in community activity.

Members of the public aired their concerns during the question and answer session.

Rajkumar Krishna Persad said he was upset by the poor turnout at the meeting. Persad suggested that similar meetings be held in collaboration with religious institutions where a more captive audience can be sought.

Alex Roopnarine said he was not happy with Crime Stoppers since it is a post-crime programme that does not prevent crime. Roopnarine said law-abiding citizens should not be asked to curtail their lifestyles since they were paying taxes on everything, while government ministers walk around with bodyguards. Roopnarine said the time has come for law-abiding citizens to get firearms.Greetings also came from Vishnu Charran, the president of the Chaguanas Chamber of

Commerce and Chaguanas Mayor Gopaul Boodhan

SHASTRI BOODAN
 

Categories: News

T&TEC crew found ‘nails’ on roadway

Wed, 08/29/2018 - 22:57

Members of a work crew from the T&T Electricity Commission (T&TEC), who stumbled upon an apparent car robbery trap in Chaguaramas, are defending their decision to highlight the issue on social media.

In an interview with television station CNC3 yesterday, supervisor of the crew, Kevin Julien said that they were disappointed over being accused of fabricating the incident, which was initially disregarded by the Chaguaramas Development Authority (CDA) as misleading information.

The CDA has since changed its position and initiated an investigation into the incident. Julien claimed that the discovery was made while he and his colleagues were clearing trees from overhead lines along the Western Main Road near to Crews Inn Marina.

“While our truck was parked there we saw something shining on the road,” Julien said. The two objects

Devices used by bandits to lure unexpected drivers in the Chaguaramas area which is engaging the attention of the CDA. PICTURE MICHAEL RAMSINGHnoticed by the crew consisted of a small metal plate with a sharp protruding object, which was nailed unto the roadway.

He said the objects were placed a short distance away from each other, opposite a bushy area.

“Crime is at its highest. You have to take every precaution and you can not take anything for granted,” Julien said.

He said he and his co-workers believe that the objects were placed there to puncture the tyres of commuters, who would be robbed when they stopped.

“It could happen to any of us and the average person would not have two spare tyres in their vehicle,” he said.

Julien said he and his colleagues did not expect that their warning to the public would be ill-received and would lead to trolling of the company’s social media accounts.

“We thought the video would speak for itself. We did not expect all of this backlash,” he said.

Julien admitted that they did not report the incident to police but claimed that they tried unsuccessfully to report it to the CDA.

In a release issued shortly after the video clips were aired, the CDA claimed that the claim was investigated and no evidence was found to support it. However, in a release issued yesterday, the CDA sought to assure members of the public that the incident was still being investigated.

The CDA said that its estate police have stepped up patrols in the area as they continue to search for other similar devices.
n Members of the public, who may have information on the objects are asked to contact the CDA’s Estate Police at 634-1010 or 707-2965 or visit their office at Williams Bay or the Carenage Police Station.

Categories: News

Engineer ousted

Wed, 08/29/2018 - 22:54

The Port-of-Spain City Corporation council yesterday moved and passed a motion to have its city engineer removed and replaced for non-performance on the job, saying they had lost all confidence in him.

The motion was raised by a visibly upset Belmont North and West councillor Akil Durham during the corporation’s statutory meeting, which was chaired by acting Mayor Hillan Morean.

Durham was one of three councillors who raised an issue with the engineer, claiming he had been failing in his duties and upsetting scores of burgesses when things were not done. He cited several areas in his electoral district that needed repairs which the engineer ignored.

Councillors Abena Hartley and Allan Samuel also expressed dissatisfaction with the engineer’s poor work ethics, saying when things are not done they are painted in a bad light by burgesses who had lost faith and trust in them.

Durham said works at East Dry River had been recorded as being done “but were not done,” which he described as unacceptable.

“We had asked this engineer to pay close attention to the works done by his department. He has primary supervision of all institutions of the Port-of-Spain Corporation,” he said.

Durham said they also had issues with the transport and cleansing department.
“We have first the issue of overtime. From the time you see we have an issue of overtime…I am speaking as the chair of finance, it means that your workforce is not being properly managed,” he said, adding the council understands the financial constraints T&T has been facing.

“On several occasions we have asked the engineer to snap the whip on his managers to get a hold on that runaway horse that we call overtime, because it is crippling the corporation. Because why it is we are paying exorbitant sums of money in overtime because of lack of management and proper supervision of workers.”

Durhan said they have heard that daily and monthly paid workers would come to work at 9 am and leave by 11 am, which was against their collective bargaining agreement. He said the corporation has to protect the public’s purse.

Durham said the engineer had breached his fiduciary duty and owed burgesses a duty of loyalty and care. The engineer, who sat throughout the meeting, never defended himself. After the complaints were highlighted he walked out.

Having listened to Durham, Morean said they would communicate with the Ministry of Rural Development and Local Government “that we have lost confidence in the engineer and we request that a suitable replacement be assigned to the Port-of-Spain Corporation as soon as conveniently possible. Be further resolved that the chief executive office communicate this resolution to the statutory authority service commission.”

The entire council agreed on the move.

Morean refused to provide a cell contact for the engineer, advising the media to call its CEO Annette Stapleton-Seaforth for his number. However, several calls last night to Seaforth’s cell phone went unanswered.

Categories: News

Nurses, doctors agree with Central Block shutdown

Wed, 08/29/2018 - 22:52

The T&T Registered Nurses Association (TTRNA) and T&T Medical Association are supporting (TTMA) the Health Ministry’s view against retrofitting the Port-of-Spain General Hospital’s Central Block to use it again.

Unanimous views against retro-fitting and re-occupancy of the block arose at a meeting yesterday which the Health Minister Terrence Deyalsingh held with T&TRNA and T&TMA heads and the North West Regional Health Authority.

Patients from the Central Block were relocated to other parts of the hospital following last week’s 6.9 magnitude earthquake.

A press release from the ministry afterwards reaffirmed commitment to the construction of a new 540-bed patient tower to replace the now decanted Central Block. The TTRNA and the TTMA were presented with two options for consideration:

• The retrofitting of the Central Block to make it appropriate for re-occupancy.

• Identification and re-purposing of clinical spaces within the compound of the Port-of-Spain General Hospital and the St. James Medical Complex.

The release stated, “In the interest of patient and staff safety, the Minister passionately expressed disagreement with the retrofitting option. However, in completeness of the option-analysis, he presented it to the stakeholders for consideration. The Minister’s position was supported and reaffirmed by the president of the TTRNA and the TTMA’s head.”

The release said discussions subsequently focused on moving ahead with the second option of re-purposing clinical space.

“This focused on three buildings on the compound of the General Hospital Port-of-Spain: a four-storey building; a two-storey building; the single-storey Allied Building; as well as available space at the St James Medical Complex. Collectively, it’s estimated these spaces can accommodate 300 in-patients.”

It added that all clinical services previously housed at the Central Block continue to operate at this time. (Gail Alexander)

Categories: News

Restructuring will have major social impact, union boss

Wed, 08/29/2018 - 22:45

National Petroleum Staff Association president Joseph Roberts is admitting that something had to be done about the state oil company Petrotrin, which has been badly managed over the years. However, he is concerned about the social impact of the closure of its refinery operations and the impact it will have on communities which depend on the company and the issue of compensation for workers who are being sent home.

The association represents about 200 monthly paid workers at the supervisory level at Petrotrin and while the Oilfields Workers Trade Union (OWTU) represents the majority of workers.

“We in this together,” Roberts said yesterday, as he pointed out the state Petrotrin had found itself in was not because of the workers “who people are describing as slackers, but it is because of bad management decisions, World GTL being one of them.”

Roberts admitted that changes had to be made at Petrotrin, which had been mismanaged.

“The decisions made by previous boards led us to this situation. We had several failed projects. The South West Soldado project, which was supposed to add 3,000-plus additional barrels of oil never happened. It was poorly managed,” he said.

Roberts described it as a “watershed moment” for the company and the country.

“We have been in the oil business for over 100 years, there has been significant struggle to bring us to where we are today, this is really a watershed moment.”

He did not blame the Petrotrin board chaired by Wilfred Espinet for the current scenario, however, saying, “This is going to be targeted to the Government of Trinidad and Tobago, the Rowley-led Cabinet. Mr Espinet came to do a work that he was assigned by the Rowley-led Government and he is fulfilling his mandate.”

Roberts said the decision to send home 1,700 people was significant. He said talk about the closure of the company had been circulating even before Tuesday’s announcement.

“We had been hearing through cooler talk that that was going to happen. I would have thought the Government would have thought this thing out really carefully,” he said.

But he said the workers are yet to hear anything about compensation.

Roberts said, “I expect no less than how the Caroni workers were compensated.”

Caroni 1975 Ltd was closed by the Patrick Manning administration in 2003 and workers were given a voluntary separation package which included cash and land for housing/agricultural production.

Contacted yesterday on Roberts’ comments, Petrotrin chairman Wilfred Espinet said he was not surprised that “people are starting to posture on the negotiations,” as exit packages are formulated for the company’s more than 3,000 employees.

Roberts contends that while Petrotrin has been described as a “ward of the state, we have contributed significantly to the building of Trinidad and Tobago.” He is also concerned about the social impact of the closure of the refinery, noting that there are many small businesses which depend on Petrotrin and its employees for their survival. He was particularly concerned about the impact on communities like Marabella, Santa Flora, Forest Reserve and Fyzabad. Point Fortin, he believes, will not be severely impacted because of the Atlantic LNG Plant.

Roberts said while the intention is to transfer to a “terminal arrangement,” where fuels will be imported for local consumption, “the entire Trinidad and Tobago will feel the brunt because the cost of living will go up.” He said while he understood that as a business Petrotrin had to be a profitable entity, there are other factors to be considered, there must be some kind of social responsibility and the conversation must be on both sides.

Categories: News

Unions vow to shut country down

Wed, 08/29/2018 - 22:43

Teachers are being asked to stay away from classrooms on September 7.

The call came from Trinidad and Tobago Unified Teachers Association (TTUTA) president Lynsley Doodhai yesterday in a show of solidarity for the Oilfields Workers’ Trade Union (OWTU), which was dealt a hard blow with Tuesday’s announcement that the Petrotrin refinery will be shut down.

The closure of the refinery is expected result in the termination of some 2,600 workers.

“Next week Friday, parents please keep your children at home, teachers will not be in school on Friday 7,” Doodhai said.

“Schools would be devoid of teachers come next week Friday. Do not waste your hard-earned money to send your children to school, the teachers won’t be there.”

His comment came during a media conference hosted by the Joint Trade Union Movement (JTUM) at the Banking, Insurance and General Workers’ Union (BIGWU) headquarters in Barataria.

“TTUTA would hope that good sense would prevail and that the Government and Petrotrin board would reconsider the decision that they announced yesterday (Tuesday),” Doodhai said.

He said the day of rest and reflection had now assumed even greater significance in the wake of the Petrotirn decision.

“Workers are no longer going to take it. There is a saying in TTUTA, if you touch one teacher, you touch all teachers, I say this morning if you touch one worker, you touch all workers,” he said.

There was a consensus from JTUM that the Government had declared war on the workers of the country with the plan to shut down the Petrotrin refinery and send home some 2,600 workers and the trade unions said they are going to retaliate.

While several union leaders made veiled threats of action, Sheep and Goat Farmers Association president Shiraz Khan was the most vocal. He condemned Prime Minister Dr Keith Rowley and Minister of Finance Colm Imbert, saying they need to be “dealt with”.

He said back in 2015 before the general election, the two marched in solidarity with the workers and laughed when the union insulted then prime minister Kamla Persad-Bissessar, but said they were doing worse but calling for discipline from the unions.

“September 7 is just the start. We coming for all yuh,” Khan said.

“You feel this is a game? Allyuh could just shut down and start back?” he asked, referring to the uncertain future of the Petrotrin refinery.

Khan said Rowley sat with the JTUM for 10 meetings before the 2015 general election and talked to the union about getting their support.

“Today look what he doing to we. He is taking this country down a road, it may not have no return,” Khan.

He said Rowley was being untruthful about many things in agriculture and now with the OWTU and Petrotrin.

“Today, what he is doing to the ordinary people in this country, I want to tell Rowley that this is not Caroni (1975) Ltd, this is not BWIA, this is not TTT, this is the leader of all unions,” he said, referring to Roget’s OWTU.

“We not going to take that damned stupidness from you Rowley, we not taking that and we standing with the OWTU.

“Allyuh behave allyuh self, September 7 is only the start. This man has to be dealt with and I make no bones (about it).”

Categories: News

We’ll try to soften blow

Wed, 08/29/2018 - 22:41

Exit packages for the more than 3,000 employees at state-owned Petrotrin are being worked out but the company is in no position to say how much this exercise will cost, what exactly will be offered or how soon payments will be made.

What seems certain, however, is that the company will have to borrow money to meet the payments to staff once packages are decided upon.

But Petrotrin chairman Wilfred Espinet told the T&T Guardian yesterday that the company is going to try as much as possible to “cushion the hardship” which employees will face.

“We will try to soften the blow as much as we can in a way that is affordable. The company has no interest in seeing people go through hardship, we will try to alleviate as much of that as possible,” Espinet said.

He said teams have been put together to work with the unions to discuss the details of the separation packages, pension and how they can bring the plant down in an orderly fashion.

So where will the money to pay the workers come from?

“Well, we have to borrow it! You have a company with no money and you have to pay off the debt, where you going to get it? Borrow it!”

He said while some people are clamouring to pay the workers “plenty money and keep them on, how does that work, where do you get the money to do that?”

Espinet said the national community must come to the understanding that “when I borrow money is your children money I borrowing and I am trying to convey that to people, stop getting into these la-la land things. Let us stop making this place some kind of Alice in Wonderland for us to believe this is how it works.”

Espinet said counselling will be offered to workers “in terms of the impact on people psychologically and counselling in terms of where they may find other opportunities and so on.” The compensation to be paid to workers, he said, could provide them with “an opportunity to redirect their focus.”

He admitted there are “no guarantees” that the new model of Petrotrin would work,” but said the guarantee is that proper management will produce the right results.

“We have to be careful we don’t fall into the same trap of going back to the same process. You have to get the right people there, you going to have to drill, you going to have to do a number of things. The most important thing at this stage is to make it into a condition where it can pay the existing debt. Having done that we will look at the next stage,” Espinet said.

Espinet lamented that Petrotrin had got to the stage that it had because of those who had the mission to lead the company in the past. “Petrotrin has been mismanaged and whether or not people knew it, I would say yes they knew because they were doing it to their benefit and they all benefitted from it. There were very high people involved. They see it losing money year in year out and they did not understand that it could not go on forever.”

He said harsh decisions had to be taken because “if we don’t preserve what value we have we will destroy it and everybody will go down. We are hoping that what we are doing will preserve the value because it is destroying value at a hell of a rate.”

He said an analysis of the company indicated that if the refinery was kept open they will $2 billion a year.

“Put that in the context of what is the working population of Trinidad and Tobago, which is about 700,000 people, and they are the ones who are going to be paying that a year to keep 1,700 people employed,” he said.

“You want to say we should have 1,700 people take us all down? I have a little bit of difficulty with that. The purpose of the refinery cannot be to employ 1,700 people.”

He again dismissed the allegation from the Oilfields Workers’ Trade Union (OWTU) that a private company is behind the scene waiting to get Petrotrin’s assets.

“That is playing on people’s emotions. Self-preservation is a major driving force in it. He (Roget) thinks people trying to close down his union, but what interest would I have in doing that?”

Asked whether there had been any discussion with the French company Perenco about Petrotrin, Espinet said, “The answer is absolutely not.”

Perenco bought over the assets of Repsol from BP and had brought the cost of production per barrel of oil down considerably, according to Espinet. But he said contrary to what the union was saying there is no conspiracy to bring in any company.

He said the urgency of the decision had to do with the bullet payment of US$850 million due in August next year.

“That bond payment is not guaranteed by the Government explicitly, but it is implicitly guaranteed by the Government. That means that the bondholders expect that the Government is going to pay if Petrotrin can’t pay it, which it can’t in its current state,” Espinet said.

Categories: News

New police uniforms harder to copy—Seales

Tue, 08/28/2018 - 23:41

The Police Social and Welfare Association has again proposed a change of police officers’ uniforms.

Members of the association yesterday met with newly-appointed Police Commissioner Gary Griffith and divisional commanders of the T&T Police Service (TTPS) over the proposal, which arose out of previous discussions with Griffith over the need to rebrand the service.

In a telephone interview after the meeting, association’s president Insp Michael Seales said: “We want to leave the old uniform in the past because it has a lot of historical disdain over the current uniform. So when we rebrand we are doing so fresh.”

Seales said the proposed uniforms, which he claimed were well received by Griffith and other senior officers, have technical features that make them harder to replicate by criminals.

“They are particularly designed for the TTPS, so it is not like a person can easily purchase one. It would take a police officer to actually lend a person the uniform,” Seales said.

In addition to a unique design, the uniforms also have features which make them more practical for tropical climates.

“There are some perforated holes running from under the arm to the end of the stomach, which allows air to go into the shirt and be trapped, so it keeps the officers cooler. It is almost essentially waterproof because it dries quickly,” Seales said.

He also claimed the new uniforms would be more cost-effective.

“The uniforms actually cost far less than what we are using at this time. Just the silver button alone carries up the cost of the uniforms astronomically,” Seales said as he claimed the uniforms are “wash and wear” and would allow officers to robe and disrobe within 10 to 15 seconds.

The uniforms will also feature standardised footwear for officers which was selected based on comfort for officers.

Asked whether the new uniforms are similar to those proposed under the tenure of former police commissioner Dwayne Gibbs in 2012, Seales said there were differences. He also admitted that the previous proposal failed due to a failure to get Government approval.

“We would have tried our best to advocate for the change also but we found that what happened is that with changes in ministers there was a change in direction on the objectives,” he said.

In addition to the uniforms, the association also prosed that police identification cards be replaced by metal badges such as those used by international police forces such as the New York Police Department (NYPD). Seales said the badges would help eliminate police impersonators and would feature an electronic chip which would assist in emergency situations.

“There is also technology in those badges where we can store data, including medical history, enter and exit history into buildings, overtime billing and history of what officers are trained in,” he said.

Categories: News

Sick patients not being sent home, says hospital CEO

Tue, 08/28/2018 - 23:36

Chief executive officer of the North West Regional Health Authority (NWRHA) Wendy Ali yesterday dismissed reports that ailing patients of the Port-of-Spain General Hospital were being hastily discharged from the health institution to make room for relocated patients of the hospital’s Central Block.

Her comments came after reports surfaced that relatives of patients warded at the Port-of- Spain General Hospital had challenged the decision by hospital authorities to discharge a number of patients to make room of others transferred from the Central Block.

Last Thursday, the NWRHA decanted 122 patients of the hospital’s Central Block after the Urban Development Corporation of T&T promised to undertake remedial works on the building after it suffered damage during last Tuesday’s 6.9 magnitude earthquake.

Most of the patients were shifted to the hospital’s North Block.

Ali said between Monday and yesterday the hospital discharged 14 patients.

“My doctors are quite satisfied that these people (patients) were ready to go home. We would not discharge a patient unless we believe that they are medically fit to be discharged. I spoke to the medical director and manager of quality in here and nobody has any reports of that. Nothing officially has come to us.”

She admitted that the hospital continues to identify “more bed spaces” on the North Block.

“We are actively monitoring our bed usage that we have. We could afford to admit patients. What we are doing is managing our bed bureau properly, in that, we will look at other spaces we have identified.

We don’t expect the limited spaces to last very long. We are working aggressively in creating new ward spaces.”

Soon, she said new wards will be opened. On Monday, Ali said the NWRHA sent one patient to the Eric Williams Medical Sciences Complex for treatment.

“Since that time we have sent no further patients by ambulance to Eric Williams Medical. If you come through our Accident and Emergency department you will stay at Port-of-Spain General Hospital.”

Categories: News

Airport heist could have been avoided—EPA

Tue, 08/28/2018 - 23:34

A $5 million robbery at the cargo dock at the Piarco International Airport, last December, could have been avoided.

This was the claim made by Airports Authority of T&T (AATT) security officers while addressing security concerns at the airport during a press conference held by the Estate Police Association at the Communication Workers’ Union Hall in Port-of-Spain, yesterday.

Vice chairman of the union’s AATT branch Kenneth Joseph said: “We are aware that there had not been any security officer posted at that location for a considerable period of time before that robbery.”

Joseph claimed that the union had highlighted the issue to the AATT management several years before bandits targeted the location and stole over $5 million in cash, which was due to be transferred to commercial banks in Tobago.

Four people were charged for the robbery but the stolen cash has not been recovered.

He alleged that the airport’s cellphone waiting lot and lax requirements for security clearance for certain segments of the facility were to blame. He also suggested that it could have been foiled if the AATT security team had an emergency response unit, which was only set up after.

“We are demanding that the AATT become more proactive and not reactive,” Joseph said.

Joseph also pointed out that there was limited CCTV coverage of the perimeter fence around the airport as he noted that the union’s branch chairman Videsh Bhagwandeen was injured while attempting to detain an intruder, who breached the fence earlier this year.

Joseph said that the AATT management repeatedly failed to acknowledge its concerns over security at the airport.

“The EPA is of the view that these actions or inactions could suggest that they (AATT) are wilfully allowing drugs and illegal items to enter and leave the country,” he said.

“Can we say that the guns that committed murders last night and last week did not pass through the airport? I think not,” Joseph added.

He claimed that the issues have a demoralising effect on its members, who were overworked due to staff shortages. “Some officers are dejected but because of their professionalism they continue to do their jobs under immense strain and scrutiny,” he said.

Joseph said that the union is seeking an invitation to appear before a Joint Select Committee of Parliament ( JSC) so that it could highlight the issues further.

“If we are not, we will hold another press conference, next week.

We may even seek the assistance of the United States Embassy and the United Kingdom and Canadian High Commissions as they all have a vested interest in the Piarco International Airport,” he said.

Categories: News

Way cleared for Cumuto highway work to resume

Tue, 08/28/2018 - 23:26

The Privy Council has cleared the last impediment blocking the Ministry of Works and Transport from resuming work on the first phase of the Churchill Roosevelt Highway extension to Manzanilla.

The United Kingdom-based court yesterday rejected environmental activist group Fishermen and Friends of the Sea (FFOS)’s final appeal over the dismissal of its lawsuit challenging a Certificate of Environmental Clearance (CEC) granted by the Environmental Management Authority (EMA).

The decision means that an injunction granted to the group by the local Court of Appeal, pending the final appeal, was automatically removed.

The five Law Lords, who heard the appeal at the United Kingdom’s Supreme Court in London, England, last month, did not give reasons for their decision, which was communicated directly to the parties.

The full judgment is expected to be released by the court on October 8.

In its appeal, the group was challenging two successive decisions by the High Court and Court of Appeal to strike out its lawsuit, in which it was challenging the process used by the EMA to grant the ministry the CEC for the first phase between Cumuto and Guaico. The five-kilometre segment is estimated to cost $400 million. Both local courts ruled that the case was filed outside the three-month statutory limit.

While FFOS was required to file the lawsuit three months after the EMA granted the ministry the CEC on June 22, last year, it filed it exactly three months after it learned of the decision on July 6.

In its substantive lawsuit, the group was claiming that the proposed route infringes on the Aripo Savannas forest reserve, which was declared an environmentally sensitive area by the EMA in 2007.

The reserve consists of 1,780 hectares of land which is home to over 500 species of plants including seven rare species and two endemic kinds of grass as well the endangered ocelot.

In defence of the claim, the EMA denied any wrongdoing in its process and pointed out that the CEC contained safeguards including constant monitoring by its team of technical experts to ensure compliance.

In its decision in March, the Court of Appeal also agreed with High Court Judge Kevin Ramcharan that most of the grounds raised by the group in its judicial review lawsuit are devoid of merit.

In a release issued yesterday, the EMA stated: “This judgment confirms the EMA’s rigorous process which has once again, withstood the scrutiny of the highest courts.”

However, none of the three courts that presided over the case did an in-depth review of the EMA’s process as that would have been done if the substantive case went to trial.

In a release issued shortly after, the group said that it was saddened but not discouraged by the outcome.

“FFOS is proud to have fought to protect the voiceless in this precious eco-system (the largest and last remaining naturally occurring savannas) in our country and to have petitioned the court for the highway to be simply be moved 400 metres south of the Savannas to protect rare, threatened, endemic, endangered, vulnerable species and the legally designated environmentally sensitive species, the ocelot,” it said.

The group was represented by Anand Ramlogan, SC, Richard Wald and Alvin Pariagsingh. The EMA’s legal team included Peter Knox, QC, Amira Rahaman, Ravi Heffes-Doon and Janelle Partap. The ministry and the National Infrastructure Development Company Limited (Nidco) was represented by Ian Benjamin, SC, and Tamika Jorsling.

Categories: News

Cops increase presence

Tue, 08/28/2018 - 23:22

Three men were killed and another was fighting for his life at hospital last evening, following a drive-by shooting in Bon Air Gardens, Arouca, on Monday night.

According to reports, around 8.45 pm officers of the Northern Division’s Rapid Response Unit (RRU) received a report of a shooting at Nightingale Drive, Bon Air Gardens. When they arrived on the scene, they found two men dead on the road and another lying unconscious in a track leading to the location.

The two dead men were identified as Dwight Richardson, 25, of Eastern Main Road, Arouca and 25-year-old Khadeem “Smalls” Williams, of El Dorado Heights, El Dorado.

The injured man, Saleem Dominique, 36, of Boodoo Avenue, Maturita, Arima, was taken to the Arima District Hospital but died while undergoing emergency surgery.

Homicide detectives later received a report of a man being admitted to the Eric Williams Medical Science Complex in Mt Hope with gunshot injuries.

Investigators later revealed the man, 22-year-old Nigel Scott, of Ramgoliee Trace, Cunupia, was wounded in the shooting and was taken to hospital by friends.

Crime scene investigators were processing the scene up to early yesterday morning as they attempted to determine what transpired. Their investigations were made more complex by the distances between where Richardson, Williams and Dominique were found and the fact that Scott was reportedly taken to the hospital several hours after the shooting.

Investigators believe the shooting is linked to two incidents in the community last week in which three men died. Police said the three previous victims were known associates of the victims who died this week.

Ronald “Tek” McKie was killed last Wednesday, while Anderson Forbes and Anderson James, who lived on the same street in the community where McKie was killed, were slain while attending his wake the following day.

All six victims are said to be known by police and were suspected of being members of a gang which operates in the community.

Police sources said anti-crime measures have already been put in place in an attempt to stymie any further attacks in the community since residents were now concerned for their safety.

When a news team from the T&T Guardian visited the Forensic Science Centre in St James yesterday, relatives of the victims refused to comment on their murders. However, Williams’ wife and friends were heard arguing with their mother over whether they should bury him under Muslim or Christian rites.

“They have to understand that she is his mother. They did not come around when he was in jail for three months. She was the one who had that headache,” a family friend, who accompanied Williams’ mother, said.

Williams’ mother eventually consented to him being buried under the rites of the religion he converted to after his widow and friends agreed to foot the bill for the funeral.

The trio’s murder, along with another in Malabar, Arima, raised the murder toll for the year to 361.

In the Malabar incident, Marlon Farrell, 41, of Joseph Avenue, Malabar, was murdered near his home.

When officers arrived on the scene shortly after 1 am, they found Farrell lying on the road with gunshot wounds to his head and chest. He was taken to the Arima District Hospital and was initially listed in a critical condition but passed away several hours later.

Investigations are continuing.

Categories: News

Importing fuel won’t cause hike

Tue, 08/28/2018 - 23:20

The Government will now determine whether there are price hikes in fuel supplies to consumers when Petrotrin shuts down its refinery and begins importing fuel.

This was the word from Petrotrin board chairman Wilfred Espinet evening, after he completed a busy day in which he held talks with the OWTU and other unions representing Petrotrin workers and detailed the company’s restructuring plan, which includes shelving the refining business and the future importation of the refined products of gasoline, diesel and aviation fuels.

Speaking to the T&T Guardian at the end of a day of talks, Espinet said any price increase in fuel “is a policy decision, the Government is the one to make the decision.” He said issues such as subsidies we outside the remit of Petrotrin.

Asked whether importing fuel would not be more expensive, Espinet said, “I don’t believe so because we are an expensive refinery. The net cost of the product is unlikely to be any more than it is now.”

Efforts to contact Energy Minister Franklin Khan and Finance Minister Colm Imbert on the issue of the future price of fuel when the refinery is shut down were unsuccessful as calls to their mobile phones went unanswered.

In the 2018 budget, Imbert announced a 39 cents increase in the price of Super fuel from $3.58 to $3.97 per litre while the cost of diesel fuel went from $2.30 to $3.41 per litre. He also signalled then Government’s intention was to remove the fuel subsidy entirely and implement a system whereby fuel prices at the pump would fluctuate and be determined on the market prices of oil and refined products. The model is similar to that used in the United States and in St Lucia in the Caribbean.

Commenting on the plan yesterday, former energy minister Kevin Ramnarine expressed concern at what he said was the very real prospect of consumers paying international market prices for diesel and gasoline in the absence of information on where the company intends to import fuel from.

According to Ramnarine, about “17 per cent of the refinery output is consumed locally, another 17% is consumed regionally and the is rest sold to extra regional customers.” The major regional customers are Barbados, Jamaica and Guyana, he said.

Yesterday, there were long lines at gas stations as consumers started panic buying in reaction to news the Government planned to shut down the Petrotrin refinery.

But NP, which is the main supplier of fuel products produced by Petrotrin, meanwhile assured that its operations are “running normally with a continuous and reliable supply of fuel.” The company also advised there was “no need for consumers to panic-buy,” saying such action will only serve to “cause fuel shortages.”

Espinet also assured consumers that there was no need to panic buy.

“We have sufficient stock and we will continue to keep quantities so that we do not create disruptions,” Espinet said.

The company, he said, produces more than the country can use and it is that excess which is sold. But in the current situation, “it’s a matter of keeping the inventory so we will be adequately supplied in the local market.”

If there is a need, he said fuel will be imported to ensure that local demands are met, as has been done in the past.

As to supplies to Caribbean islands, Espinet said Petrotrin is looking at importing in “larger amounts and re-sell to some of the smaller markets. It will give us economies of scale in purchasing.”

In doing this, he said there will be use of the facility “in some way. It is not a big business but at least it will keep a few hundred people occupied,” Espinet said.

Unions were informed yesterday that all 1,700 jobs in the refining operations will be terminated and a re-designed exploration and production business will have approximately 800 workers. According to the company, 2,600 permanent jobs will be affected by the restructuring exercise.

Official statistics from the company indicate that Petrotrin had lost TT$8 billion in the last five years, is $12 billion in debt and owes the Government more than $3 billion in taxes and royalties. The company said it required a cash injection of TT$25B to stay alive, to refresh its infrastructure, to repay its debt and even when that is done if the company remains as is it is projected to continue losing about TT$2B a year.

Espinet said with the “termination of the refining operations and the re-design of Exploration and Production, Petrotrin will now be able to independently finance all of its debt and become a sustainable business.”

Categories: News

Petroleum dealers wary of survival

Tue, 08/28/2018 - 23:10

With Petrotrin’s plan to import gasoline, diesel, jet fuel and other refined products for the local market, Petroleum Dealers Association president Robindranath Naraynsingh believes there will be another increase in fuel prices at the pumps.

With the impending closure of Petrotrin’s Refining and Marketing operation, the production of fuel at the Pointe-a-Pierre refinery will cease.

But at a media conference at the Pointe-a-Pierre Staff Club yesterday, Petrotrin board chairman Wilfred Espinet said the company intends to continue to supply local dealers with the products and engage in bunkering. Liquefied Petroleum Gas (LPG) will not be imported, he said.

Espinet could not, however, say where the products would be sourced. But he said they will find the products in the same way the company was able to source crude for refining. Petrotrin already imports crude from Canada and Russia.

When asked if the importation of fuel will increase the cost at fuel stations, he said: “Listen, the pump price is a policy decision. It has nothing to do with cost. The pump price that you pay has nothing to do with the cost of the fuel, so that is a political position for somebody to have to tangle with.”

In an interview afterwards, however, Naraynsingh said that the impact will be felt heavily given three increases in fuel prices in the past three years. If prices increase again, he said the impact on motorists’ finances could lead to a decrease in purchasing. This means that many operators could suffer heavy losses, he said.

“There is going to be a change in how we do business, how the effect drills down to the ordinary citizens of our country and it is going to drill deep. We as a people have to now hope that we’re going to climb out of this…We will go through a little turmoil, there will be some convulsion in the way we operate, some high people will dictate to us what to do,” Naraynsingh said.

As operators of fuel stations, he said they are governed by the Petroleum Act, which means that the cost of fuel at the pump is dictated by the Government. With profit margins already small, he noted many operators depend on a high turnover rate in order to reap gains, which may change under the future plan.

“A lot of gas station dealers are just living above substance levels. Expectations are going to be very strenuous and when the price of gas goes up, you collect a lot of money and pay a lot of interest in the bank on overdrafts. Small dealers will go out soon.”

He warned that these kinds of situations were responsible for dealers operating in clandestine ways, all with the purpose of keeping their families fed. He is hoping that the Government consults with the association before making any changes.

Categories: News

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