fbpx
  • Latest
  • Trending
  • All
  • News
  • Columns
  • Letters
  • Features
  • Editorials
Ramdath-jagessar

Silence on new oil refinery is unacceptable

March 22, 2020
Dool Hanomansingh

Indo Caribbean community and its vulnerability

July 5, 2022
Ravi Balgobin Maharaj

Commentary on Sea Results in Trinidad

July 4, 2022
Dool Hanomansingh

Are Hindu organizations relevant to the community?

July 5, 2022
Jai Lall

A TEAR FOR ONE SO DEAR SOMEWHERE

July 3, 2022
Jai Lall

HUM FOR MUM

July 3, 2022
Indo Caribbean wins Worldwide Pageant

Indo Caribbean wins Worldwide Pageant

July 4, 2022
Capil Bissoon

THE TRUTH ABOUT PIARCO (Part 2)

July 3, 2022
Harry Hergash, Writer of Books on Indian Guyanese

PPP not effectively Protecting Indian Guyanese

July 2, 2022
Indo-Caribbean Diaspora News

Indo Caribbean community and its vulnerability

July 2, 2022
Photo: Mr. Devon Liburd, Chief Executive Officer, Nevis Tourism Authority

New CEO for Nevis Tourism

July 1, 2022
A Judgment fled to British beasts relating to Trinidad ?

A Judgment fled to British beasts relating to Trinidad ?

July 2, 2022
Indian Company wins Contract to oversee Road Construction

Indian Company wins Contract to oversee Road Construction

July 1, 2022
  • About
  • Advertise
  • Privacy Policy
  • Contact Us
  • Donate
Tuesday, July 5, 2022
  • Login
Indo Caribbean Diaspora News
  • Home
  • Columns
    Indo Caribbean wins Worldwide Pageant

    Indo Caribbean wins Worldwide Pageant

    Indian Company wins Contract to oversee Road Construction

    Indian Company wins Contract to oversee Road Construction

    Queens Indo Caribbeans Honor Courageous Police Officers

    Queens Indo Caribbeans Honor Courageous Police Officers

    Indians beaten & Robbed by Blacks in Guyana

    Indians beaten & Robbed by Blacks in Guyana

    Vishnu Bisram

    PNC Should emulate PPP & other Parties in accepting Outcomes of democratic Elections

    Steve Alvarez

    Embrace our good people

    Dr. Vishnu Bisram

    Guyana Court Should raise bar on libel and slander

    Mrs. Chantelle Richardson

    Anguilla has new Dep. Tourism Director

    Kamla-Persad-Bissessar

    Kamla calls for Resignation of AG in Trinidad

    NY Indo Caribbean Mandir provides Accommodations to a fire victim’s family

    NY Indo Caribbean Mandir provides Accommodations to a fire victim’s family

  • Letters
    Harry Hergash, Writer of Books on Indian Guyanese

    PPP not effectively Protecting Indian Guyanese

    Phillip Edward Alexander

    Letter to Kamla of Trinidad by PEP Leader Phillip Alexander

    Vassan Ramracha

    Unite Against Conversions

    Lester Siddhartha Orie

    No (Rain) Water No (Wheat) Flour

    Harry Hergash, Writer of Books on Indian Guyanese

    Response to Malcolm Harripaul on Guyana Sun Chapman 

    Steve Alvarez

    WHY THE PNM AND UNC MUST NOT BE THE OPTION

    Lester Siddhartha Orie

    Immortalising Mama Mia

    Lester Siddhartha Orie

    The PhD Obsession & its Relevance

    Ramdath-Jagessar

    African-Indian Relations in Guyana & Trinidad

    Leyland-Chitlall-Roopnaraine

    MUCH TIME AND MONEY ARE WASTED IN Guyana COURT; widespread land fraud

  • Community News
    NY Indo-Carib Tulsi Mandir Commemorates Anniversary

    NY Indo-Carib Tulsi Mandir Commemorates Anniversary

    Indo Caribbean Celebrates Birthday at Gurukula

    Indo Caribbean Celebrates Birthday at Gurukula

    Jessica of Richmond Hill Weds

    Jessica of Richmond Hill Weds

    Fantastic Wedding Reception for Kevin & Aruna

    Fantastic Wedding Reception for Kevin & Aruna

    Father’s Day at Indo Caribbean Trimurthi Mandir

    Father’s Day at Indo Caribbean Trimurthi Mandir

    Kevin Bisram Weds Aruna

    Kevin Bisram Weds Aruna

    Indian Arrival Day Celebrated in New York on Sunday

    Indian Arrival Day Celebrated in New York on Sunday

    Berbician Hosts Jag (Yag) at N.Y Gopal Sundar Mandir

    Berbician Hosts Jag (Yag) at N.Y Gopal Sundar Mandir

    Guyanese Diasporan, Ebony Narpatty Brijbassi, Gives Back

    Guyanese Diasporan, Ebony Narpatty Brijbassi, Gives Back

    Indian Embassy in Guyana Observes International Day of Yoga with Police Force

    Indian Embassy in Guyana Observes International Day of Yoga with Police Force

  • Editorials
    A Judgment fled to British beasts relating to Trinidad ?

    A Judgment fled to British beasts relating to Trinidad ?

    Left to right: Nicole Catherine Linton, Julie Fletcher, Alice Bigland, Lesley Gosling, Grace Fryer, Tiagan Dealey, Hannah Young, Cara Meikle, Leanne Schembri, Jenna Hurst, Suzanne Wright, Ewa Katarzyna Zachmac, Shenika Ramsay - JTB

    Jamaica Tourist Board Release

    Steve Alvarez

    THE UNPLEASANT TRUTH (of opposition coalition)

    GAWU and President public spat in Guyana

    GAWU and President public spat in Guyana

    Vice-President-Hon-Bharrat-Jagdeo

    Allegations against Guyana VP: It’s Vice and not Virtue!

    Dr. Gopaul

    Gopaul— Jagdeo served with Integrity

    Lester Siddhartha Orie

    Deja vu is in this Camille/Kamla Crossfire

    Leyland-Chitlall-Roopnaraine

    MUCH TIME AND MONEY ARE WASTED IN Guyana COURT; widespread land fraud

    Vassan Ramracha

    It is an issue of Black Bureaucracy not one on Economy

    Dr Paloma Mohamed

    Positive Remarks on UG Indian Arrival Seminar

  • Opinions
    Dool Hanomansingh

    Indo Caribbean community and its vulnerability

    Dool Hanomansingh

    Are Hindu organizations relevant to the community?

    Indo-Caribbean Diaspora News

    Indo Caribbean community and its vulnerability

    Steve Alvarez

    Hard Luck Trinidad & Tobago

    Leyland-Chitlall-Roopnaraine

    MY TWO CENTS WORTH OF INDIANNESS

    kamla-persad-bissessar

    Why do politicians reach out to supporters only for votes?

    Hariji and devotees of the Shiv Jyothi Mnadir of Las Lomas

    Weekly Satsangh honors Hariji

    Leyland-Chitlall-Roopnaraine

    THE  FAILURE  OF  INDEPENDENCE

    Ramdath-Jagessar

    Home and family Indian Arrival Day off to a great start

    Paras Ramoutar

    Outgoing Indian diplomat hails relations between both countries

  • Videos
    Dool-Hanomansingh-003

    US Congress woman Tulsi Gabbard condemns the ongoing genocide of Hindus and other minorities

    Geeta-Vaahini

    Geeta Vaahini, President of the  Hindu Prachaar Kendra speaks on the social significance of Ganga Dhara Festival.

    Geeta-Vaahini

    Geeta Vaahini, President of the Hindu Prachaar Kendra speaks on the Hindu view of the environment.

    swami-brahmadeo

    Swami Brahmadeo – Hindus are top CEOs and Medics in North America and Europe

    Gowtam-Maharaj

    Gowtam Maharaj, a farmer of Barrackpore, South Trinidad, shares his challenges being a farmer.

    BAMBOO #1 Flooding – Frustrated Residents

    BAMBOO #1 Flooding – Frustrated Residents

    NATIONAL-LOTUS-THEATRE

    NATIONAL LOTUS THEATRE – Performance of Niyantran

    radica-jairam

    Story of RADICA JAIRAM from Orange Valley

    fisherman-trinidad

    Families of Orange Valley felt neglected by PNM Government

    Dr Subramanian Swamy

    Dr Subramanian Swamy – Dharma Rising London April 2015

  • Features
    Ravi Balgobin Maharaj

    Commentary on Sea Results in Trinidad

    Jai Lall

    A TEAR FOR ONE SO DEAR SOMEWHERE

    Jai Lall

    HUM FOR MUM

    Capil Bissoon

    THE TRUTH ABOUT PIARCO (Part 2)

    Photo: Mr. Devon Liburd, Chief Executive Officer, Nevis Tourism Authority

    New CEO for Nevis Tourism

    Dr. Vishnu Bisram

    Guyana Opposition Figures Upbraided for Silence on Racial Violence

    Lester Siddhartha Orie

    Ousting a Leader in Absentia

    Capil Bissoon

    THE TRUTH ABOUT PIARCO (Part 1)…

    Nalanda: India’s ancient university rising from the ashes

    Nalanda: India’s ancient university rising from the ashes

    Capil Bissoon

    Now that the time has come to review the workings of this Anti-Gang legislation…

No Result
View All Result
Indo Caribbean Diaspora News
No Result
View All Result

Silence on new oil refinery is unacceptable

by Ramdath Jagessar
March 22, 2020
in Opinions
0
Ramdath-jagessar

Photo : Ramdath Jagessar

1
SHARES
173
VIEWS
Share on FacebookShare on Twitter
Something is funny about the pace at which OWTU owned Patriotic Energies is moving towards replacing the old Petrotrin refinery shut down in November 2018, but nobody is laughing.
Make no mistake, this refinery slowcoach is the real crisis in Trinidad and Tobago, not corona virus, crime or corruption. Patriotic is not telling the public anything concrete about when this mythical refinery will start operating, and that is just not good enough.
The facts in this case are dead simple. Refinery closed down TWO YEARS AND A QUARTER AGO, never mind the reasons. After much shenanigans the refinery was offered up for sale and Patriotic made its bid in June 2019 and was awarded the contract to get the country a new refinery in early 2020. When can anxious citizens expect the new refinery to start refining oil and producing much needed foreign exchange? There is no word.
The best I can get is a February 19, 2020 article when Patriotic says it’s preparing to buy and restart operations “as soon as possible”, whatever that means.
What is scary about that article is that Patriotic is saying it has requested information about the status of the refinery and has had a good meeting “to establish a schedule for the inspection of the assets”.
Patriotic is now getting ready to inspect the condition of its newly acquired assets ie the refinery, now in March 2020 to have a look at a refinery shut down in November 2018! I leave readers to calculate how many months to inspect the old wreck, how many months (or years) to draw up plans to refurbish the old refinery, order new units if needed, or alternatively junk the old wreck and order a brand new refinery, test everything and start refining crude.
Just off the top of my head I would say no way are we going to see a new or refurbished refinery operating by the end of this year 2020. Let’s see hands for refinery in action by December 2021. Not many, I see. How about December 2022? Oh lord, this is what I mean by scary.
Surely I don’t need to stress that oil revenue makes up three quarters of the country’s income, and that the old Petrotrin refinery’s throughput was a big factor in that income. Foreign exchange supply and reserves today are not a pretty sight in a country that needs to import so much.
One would have thought that SPEED would have been the key word for government in moving to repair the hole in the dyke caused by closure of Trinidad’s only oil refinery in November 2018. One would think Patriotic would be moving at light speed as well, or at least talking fast to reassure an anxious public about the pace of progress.
Now I know an oil refinery is a large and complex plant that can cost in the hundreds of million dollars. I actually worked in an oil company with a refinery in the seventies, the old Trintoc that died in 1993. It’s not exactly rocket science to run one. Trinidad has been in this refinery business for a long long time.
My ignorant advice to Patriotic is to junk the entire Petrotrin refinery as a worthless money pit. Get on your computer as I just did and google buy used oil refinery and you get 87 million hits, yes that is not a typo, where you can buy complete oil refineries at https://www.google.com/search?q=buy+used+oil+refinery&oq=buy+used+oil+refinery&aqs=chrome..69i57j33l3.19567j0j4&sourceid=chrome&ie=UTF-8
One of the sellers is the Prios group at https://priosgroup.com/products/entire-oil-refineries/  They have a range of oil refineries for sale, including one of 100,000 barrels per day throughput, incidentally just the throughput of the old Petrotrin refinery, at https://priosgroup.com/wp-content/uploads/2015/01/PRIOS-7-Used-Oil-Refinery-100000bpd.jpg
And here is a 200,000 barrel per day refinery, dismantled and ready for sale, which can be bought this month, shipped to Trinidad and be ready to run by the end of this year, no joke. https://priosgroup.com/wp-content/uploads/2018/09/used-200000-bpd-pre-owned-oil-refinery.jpg 
Prios doesn’t give asking prices for these refineries. But these are used refineries, relatively small in size, and should not cost anything like the $1 billion US commonly touted as a baseline for a new refinery. I would guess way less than $400 million for the 100,000 barrel a day refinery, which is all Trinidad needs. The advantage of buying a used refinery is that you get the whole thing complete right away, and only have to ship it over and reassemble it in short order.
Yes this may sound like a crazy idea from an armchair amateur commentator. But what is Patriotic Energies doing and saying that is better?
Tags: OWTURamdath JagessarSilence on new oil refinery is unacceptableTrinidad and Tobago
Share1TweetShare
Ramdath Jagessar

Ramdath Jagessar

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest
secretary of state pompeo

APNU-AFC Agents, Financiers & Defenders to face US Sanctions

April 13, 2020
ramdath-jagessar

African slaves did not build Trinidad or Guyana

May 12, 2020
Dr-Irfaan-Ali

PPP wins Guyana Elections Gecom must Swear in Irfaan

March 19, 2020
ramdath-jagessar

African slaves did not build Trinidad or Guyana

0
david-granger

US Labels Guyana President Granger anti-Indian Racist

0
Paul-Tennassee

Tennasse & Shuman Blast Coalition for Refusing to accept PPP Victory at 2020 Polls

0
Dool Hanomansingh

Indo Caribbean community and its vulnerability

July 5, 2022
Ravi Balgobin Maharaj

Commentary on Sea Results in Trinidad

July 4, 2022
Dool Hanomansingh

Are Hindu organizations relevant to the community?

July 5, 2022

The most important world news and events of the day.

Get ICDN daily newsletter on your inbox.

Indo Caribbean Diaspora News

© 2020 Indo-Caribbean Diaspora News. All rights Reserved

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact Us
  • Donate

Follow Us

No Result
View All Result
  • Home
  • Columns
  • Letters
  • Community News
  • Opinions
  • Videos
  • Features
  • Editorials

© 2020 Indo-Caribbean Diaspora News. All rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
wpDiscuz