Patriotic Energies and Technologies Company Ltd completed a preliminary walkthrough of the former Petrotrin Pointe-a-Pierre refinery between March 2 and March 6, 2020.
Paria Trading chairman Newman George opn Wednesday confirmed that a joint inspection of the assets that make up the refinery took place over those four days but the deal is now in suspension until Patriotic presents its schedule to complete a more detailed inspection.
“They were given two weeks to present a schedule to complete a more in-depth inspection and we are still waiting for that schedule,” George said in a telephone interview, adding he has had no communication since with Patriotic or its owners, the Oilfields Workers’ Trade Union (OWTU).
However, George said he doubted that the COVID-19 restrictions had anything to do with the lack of follow-up from Patriotic.
“If the restrictions were lifted tomorrow, the schedule could be implemented soon after but we have had no communication with the company,” he said.
Asked George about the timeline to get the refinery back up and running, George said, “Without that schedule, I cannot answer your question.”
Contacted on the matter, OWTU president general Ancel Roget said he had no comment at this time.
The last time the deal was discussed in the public domain was in February when Prime Minister Dr Keith Rowley and Roget publicly disagreed over why the talks were stalled. At that time, both Rowley and Energy Minister Franklin Khan said that Patriotic had requested more information and that delayed the deal moving forward. But Roget contended then that Patriotic was ready to proceed weeks before and any delay was not their fault. Roget further rubbished statements Rowley made to the contrary, adding that their inspectors were ready to walk through the Pointe-a-Pierre refinery to ascertain its condition.
Back in January, representatives of Patriotic Energies met with a Cabinet appointed sub-committee to plan the way forward. The sub-committee included Stuart Young, in the capacity of Minister in the Office of the Prime Minister, Minister of Public Utilities Robert Le Hunte and Minister of Energy and Energy Industries Franklin Khan.
Neither Young nor Khan responded to calls yesterday and Le Hunte would only say “cannot help” when he was texted questions for an update on the status of the discussions.
Guardian Media asked Le Hunte, “As part of the sub-committee, can you help with an update on the status of the deal? Did the walkthrough that Patriotic wanted happen?”
Le Hunte responded with “cannot help” and did not respond to a subsequent question of when the two groups last met.
Questions about the status of the takeover come at a time when the global oil prices have crashed and the local marketing and distribution arm of the defunct Petrotrin, Heritage Petroleum, has announced it will cease sales in order to survive the international dip in energy prices.