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2019

Trinidad

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05 Sep 2019 21:59 - 05 Sep 2019 22:30 #375044 by mapoui
Last edit: 05 Sep 2019 22:30 by mapoui.

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05 Sep 2019 22:14 #375048 by mapoui
this was the BP refinery. I think deh shut it dong

duckduckgo.com/?q=BP+oil+refinery+trinidad&iax=images&ia=images

this is wat deh make Titty do: Buy out Big Oil wen deh start to fail..when all the profit gorne and deh wanted to get out of the country. deh get the government to give dem a las' huge pay day at the expense of the people, by buying out the useless oil infrastructure for top dollar

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05 Sep 2019 22:19 #375049 by mapoui
Allyuh take note

www.caribbeanlifenews.com/stories/2018/9...inery-closed-cl.html

With general elections just two years away, Trinidad’s governing People’s National Movement (PNM) has ordered the island’s largest oil refinery closed almost immediately, directly putting about 1800 workers on the breadline and triggering angst and anger among the country’s powerful labor unions.

Petrotrin Trinidad will soon cease refining the little oil Trinidad produces on the face of decades of debt, hundreds of millions of unpaid taxes to the state and aging equipment that long should have been replaced.

In recent months, authorities were hoping that the massive oil find in neighboring Guyana would have helped to keep the decades old refinery in business but lukewarm feedback from Georgetown and dwindling daily production of oil have put paid to the island hopes to such an extent that the very unpopular decision was made to cease production while a major reorganization takes place.

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05 Sep 2019 22:20 #375050 by mapoui

In its hey day, Trinidad has never produced more than 300,000 barrels of oil daily and appears to have larger reserves of gas rather than oil. Daily production recently has struggled to reach 40,000 barrels. Indications are that this figure could decline even more unless big new wells are found in a hurry. Neighboring Guyana, for example, plans to start production in late 2019 or early 2020 and by 2022 could be pumping up to 750,000 barrels daily. Experts say the mixed signals from Guyana are part of the reasons for the closure and planned restructuring.

As the situation stands now, the plan is to retire about 1000 workers to make the money losing giant much leaner and efficient in the wake of $1.2 billion in losses in recent years, $2 billion in debt and about $500 million in taxes and royalties owned to state revenue according to the Express Newspaper.

Prime Minister Keith Rowley who is now under severe pressure from labor, civil society and the political opposition, had described Petrotrin as “an albatross around the necks” of the country as it was bleeding cash by the millions daily as oil production declines and as new clients have failed to show up.

To survive and prosper, the company needs about $4 billion in cash to clear debts and restructure. This would include severance to workers officials say.

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05 Sep 2019 22:21 #375051 by mapoui

f nothing else, PM Rowley has the support of the energy chamber in Port of Spain as its leaders have also complained about its inefficiency, high debts and apparent inability to come off the floor.

Chief Executive Thackeray Driver was quoted as saying that “we understand the economics behind the decision. It’s obviously a very sad day. It’s a very tough decision that had to be made.”

For his part, Oilfield Workers Union boss Ancel Roget suggested that the PNM will endure an”incalculable political price to be paid and we will ensure that, that political debt is paid when the time comes.”

Unpaid taxes, royalties and debts apart, Petrotrin had been dogged by decades of credible allegations of widespread corruption and massive overstating. Because it is always a political and labor proverbial hot potato, successive governments have avoided dealing with it head on but declining daily oil production and new refining clients being scarce, officials have decided that it is time to act to stop the bleeding.

The union is expected to stage several industrial protest demonstrations in the coming weeks with leader Roget more than hinting that the dismissed workers will know how to vote come September 2020 when elections are called.

Company Chair Wilfred Espinet said that “with the termination of the refining operations and the redesign of exploration and production, Petrotrin will now be able to independently finance all of its debt and become a sustainable business. Petrotrin is no longer producing enough oil to operate the Pointe-a-Pierre refinery efficiently: We are producing approximately 40,000 barrels of oil a day and the refinery operates at a capacity of 140,000 barrels a day, so we have to go to the market to buy about 100,000 barrels of oil to make up the shortfall. This results in a net loss in foreign exchange.”

The refining of oil will be phased out and the company will import the refined products (gasoline, diesel, aviation fuels, etc.) that the country needs — approximately 25,000 barrels of oil equivalent a day. All of the company’s oil will be exported.

Espinet said, “Our goal is for Petrotrin be an internationally competitive and sustainably profitable leader in the local energy sector; and an employer of choice, that is a source of national pride.”

The period of transition will begin on Oct. 1, 2018.

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05 Sep 2019 22:24 #375052 by mapoui

The period of transition will begin on Oct. 1, 2018.

According to the company, the board of directors is taking all requisite steps to facilitate a smooth and efficient period of transition with safety and the security of the country’s fuel supply being its two priorities.

Petrotrin will be meeting with all of its stakeholders during the coming weeks to discuss how the proposed changes may affect them.

“We had a continued programme of looking at all sorts of ways to make this thing work. We came to the conclusion that if we wanted to be able to pay back the debt and if we wanted to be able to have a profitable company that could be sustained over time, we would have to take out what was the cancer of the operation and that would have been the refining and marketing,” said Espinet.

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05 Sep 2019 22:29 #375053 by mapoui
Shell in Trinidad


www.shell.com/about-us/contact-us/contact-trinidad.html

Shell has been in Trinidad & Tobago for over 100 years and has played a major role in the development of the country’s oil and gas industry. At its pinnacle in the 1960’s, Shell was said to be the largest private sector employer in the country, with a refinery at Point Fortin, the current location of the Atlantic LNG facility and a retail presence.
Shell is well remembered for its development of social and sporting infrastructure in south west Trinidad and for its Trade School, where several of the nationals who have contributed significantly to the development of Trinidad & Tobago’s oil and gas sector, received their first training in the sector.

In 1974 the oil industry was nationalized with the Government purchasing Shell’s assets to create the country’s first national oil company and as a consequence Shell’s footprint was reduced significantly. In January 2014, Shell acquired Repsol’s 20% - 25% non-operated interest in Atlantic LNG. With the completion of the combination of BG Group and Royal Dutch Shell in February 2016, Shell assumed a major Upstream position where gas is supplied to both the petrochemical and LNG sectors and a majority interest in Atlantic LNG across the four train facility


duckduckgo.com/?q=shjell+oil+company+in+...02-at-3.20.44-PM.png

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05 Sep 2019 22:39 #375054 by mapoui

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05 Sep 2019 22:40 #375055 by mapoui

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05 Sep 2019 22:44 #375056 by mapoui
www.worldatlas.com/articles/the-major-in...idad-and-tobago.html

Agriculture is an essential industry in Trinidad and Tobago’s economy, accounting for 0.3% of the country’s Gross Domestic Product. The country is a major producer of cocoa, sugar, citrus fruits, and coffee, which are also the top agricultural export commodities from the nation. Traditionally, the industry was the primary employer in the country, but exponential growth in the energy industry witnessed in the late 20th century saw most of the workforce shifting from agricultural production and moving to the energy industry. The prominence of the energy industry has led to the decline of the country’s agricultural production in recent years. For instance, Trinidad and Tobago’s production of coffee in 1985 amounted to 2,360 tons, but by 1999 the production had shrunk to 1,000 tons. The country’s sugar production in 1999 stood at 95,000 tons, a massive decline from the 0.25 million tons produced in 1961.

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06 Sep 2019 10:12 #375059 by The Captain
you should make a donation to Wikipedia for using all their research

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06 Sep 2019 11:03 - 06 Sep 2019 12:29 #375061 by mapoui
eff wiffi..I mean wiki wacky..open source piece of propaganda-making biographical crap.

I doan need wiki at all but the pictures make it nicer, more direct. but I know all ah dat in my head from long time now. I cyan write it dong without reference to anyone straight


wat I said the las' time is dat when I started to get to know Titty as a lil bwoy I was shock by how much the country had yet we were so poor..everybody..all who I grew up with.

and I ent even done yet with all the massive industrial infrastructure we had. but we were plundered. dat is wat i want to demonstrate..THE PLUNDER!

look at what happen to the oil. we run out of oil..but the oil companies knew dat so they make the lick-spittle politicians we have buy out the dead industry for big money, at taxpayer expense and take off. then a few years later the industry dead..the Trinidad government had to shut it dong

lucky fuh dem they find gyarse in commercial quantities to pick up some slack. but allyuh see how the big oil companies rip Trinidad off. they take all the oil...then force we to buy the empty shell

BG better look and learn.. aldoh I doan think dat will make a difference. Guyana getting rip off the same way

those big companies doan make no deals with small countries that does not require their total surrender. deh doh do dat even with big countries. that is the problem with China and the USA right now.

Trump offer China a surrender deal or sanctions. China said "fuck you! piss off! sanction away!"
Last edit: 06 Sep 2019 12:29 by mapoui.

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