JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Thursday, May 8, 2025

Fuel cover for 20 days after Petrotrin refinery closed - Khan

by

Gail Alexander
2415 days ago
20180927

Up­on the clo­sure of Petrotrin’s re­fin­ery next month, there will be a 20-day sup­ply of fu­el from stock “to start with,” En­er­gy Min­is­ter Franklin Khan has as­sured the trav­el­ling pub­lic.

“Trust me - I want to give the coun­try the as­sur­ance there will be a smooth tran­si­tion from re­fin­ery fu­el to im­port­ed fu­el,” Khan added in Par­lia­ment yes­ter­day in re­ply to Op­po­si­tion con­cerns over the fu­el sup­ply af­ter the re­fin­ery’s clo­sure.

Unit­ed Na­tion­al Con­gress’ Pointe-a-Pierre MP David Lee had asked about it fol­low­ing re­ports of the re­fin­ery’s im­pend­ing clo­sure on Oc­to­ber 1 and sub­se­quent re­ports it would be done on a phased man­ner. He asked what strate­gic steps were be­ing tak­en to en­sure fu­el isn’t dis­rupt­ed in this pe­ri­od.

UNC’s Roodal Mooni­lal al­so sought clar­i­fi­ca­tion on if the re­fin­ery will be closed next Mon­day or “half closed.”

Khan said, “The an­swer is no. The tran­si­tion process starts on Oc­to­ber 1. It will be shut down on a phased ba­sis - it’s a process plan. We just do not take off a switch and stop a re­fin­ery.”

On fu­el sup­ply post-clo­sure, Khan told Lee, “T&T con­sumes ap­prox­i­mate­ly 25,000 bar­rels of liq­uid fu­els per day or ap­prox­i­mate­ly 3.9 mil­lion litres, com­pris­ing avi­a­tion fu­el, diesel, su­per and pre­mi­ums and small amounts of reg­u­lar fu­el.

“The re­fin­ery will be closed on a phased ba­sis dur­ing the month of Oc­to­ber. Up­on its clo­sure, there will be a 20-day sup­ply of fu­els from stock to start with. Steps are cur­rent­ly be­ing put in place for the im­por­ta­tion of sup­plies from in­ter­na­tion­al traders.

“Re­quests for Pro­pos­als (RF­Ps) from 13 rep­utable in­ter­na­tion­al sup­pli­ers are cur­rent­ly out - we don’t fore­cast any dis­rup­tion in the sup­ply to the trav­el­ling pub­lic.”

Khan added, “Fu­el is an in­ter­na­tion­al­ly trad­ed com­mod­i­ty and is well avail­able on the in­ter­na­tion­al mar­ket.”

He said there’s no in­ter­na­tion­al short­age, so “there’ll be seam­less tran­si­tion.”

Asked by Lee for as­sur­ance that the price of fu­el won’t in­crease, Khan replied, “That’s a mat­ter for the Fi­nance Min­is­ter.”

Fi­nance Min­is­ter Colm Im­bert, who de­liv­ers the 2019 Bud­get on Mon­day, is ex­pect­ed to say whether or not any fu­el price hikes will be im­ple­ment­ed (as pre­vi­ous Bud­gets have).

Khan, re­it­er­at­ing a phase clo­sure, as ex­clu­sive­ly re­port­ed by the T&T Guardian on Mon­day, said a phased ap­proach was nec­es­sary.

“You have to save the plant, se­cure it, be­cause the plant may come in­to use lat­er on,” he said.

Op­po­si­tion UNC MPs cho­rused, “...Ooooh - for your (PNM’s) part­ners!”

‘Oth­ers’ in­ter­est­ed in re­fin­ery—PM

Prime Min­is­ter Dr Kei­th Row­ley says there is in­ter­est, apart from the Oil­field Work­ers’ Trade Union (OW­TU), in the re­fin­ery.

Row­ley yes­ter­day said Gov­ern­ment’s po­si­tion was the re­fin­ery would be ex­cised - re­moved - and be­come an in­de­pen­dent sep­a­rate en­ti­ty from Petrotrin busi­ness.

“At that stage, it was in­tend­ed if the OW­TU can put a pro­pos­al to Gov­ern­ment they’ll get first op­tion. That was im­me­di­ate­ly dis­missed by OW­TU. But we’re told some in­ter­est is be­ing shown now,” Row­ley said in re­sponse to queries from the Op­po­si­tion in the House.

He said in re­sponse to OW­TU cor­re­spon­dence, he’d said if the union could sub­mit a pro­pos­al in the con­text of a se­ri­ous busi­ness plan that can stand rig­or­ous scruti­ny, it’ll be treat­ed with dig­ni­ty and re­spect like any oth­er.

“They were al­so told if oth­er pro­pos­als are made to the as­set’s own­er and those pro­pos­als are su­pe­ri­or, the pub­lic in­ter­est will pre­vail,” he added.

On whether Gov­ern­ment is en­ter­tain­ing any oth­er pro­pos­als be­sides OW­TU’s, Row­ley replied, “I’m not aware Petrotrin’s board is in re­ceipt of any oth­er pro­pos­als, but I’m aware that there are oth­er per­sons who might have been in­di­cat­ing they would have an in­ter­est in the event the re­fin­ery be­comes avail­able for con­sid­er­a­tion.

“A re­fin­ery can at­tract at­ten­tion from any per­son any­where and we’re say­ing we’re open to see­ing what’s avail­able once the as­set be­comes sep­a­rat­ed from Petrotrin’s busi­ness. So any dis­cus­sion on this mat­ter is about the re­fin­ery as a stand-alone en­ti­ty.”

Row­ley stressed that “ex­cis­ing” of the re­fin­ery in­volves its clo­sure since the heart of the prob­lem - im­port­ing and re­fin­ing crude oil - was there and that would stop when the re­fin­ery was “ex­cised”.

He added, “The board has in­di­cat­ed when the im­por­ta­tion of crude oil will cease. So it’s quite clear we’re ex­cis­ing the re­fin­ery, stop­ping the im­por­ta­tion and re­fin­ing of oth­er peo­ple’s crude. And of course - then, we spoke of no idea of sale, we said ‘op­por­tu­ni­ty’.

“What­ev­er that op­por­tu­ni­ty is - whether it’s sale, lease, sup­ply of crude by a third par­ty, what­ev­er - we’ll look at what­ev­er op­tions are avail­able to us once the re­fin­ery is in that state (closed).”

He made it clear it was Gov­ern­ment who made the clo­sure de­ci­sion af­ter Petrotrin’s board pre­sent­ed analy­ses and made rec­om­men­da­tions.

“Those rec­om­men­da­tions were ac­cept­ed by Gov­ern­ment and the de­ci­sion was tak­en by Gov­ern­ment,” he said.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored