Petrotrin

T&T can lose Caricom market for fuel

Trinidad and Tobago faces the possibility of losing Caricom markets for the export of fuel as the price of fuel coming out of T&T is likely to increase.

Minister of Energy and Energy Industries, Franklin Khan told the Senate today that Caricom countries now have the option of sourcing their products on the open market.

He said that Petrotrin still has the ability to supply small cargoes, including aviation fuel, to small Caricom countries, which gives it a strategic advantage.

$1.7m for no work as Petrotrin buys out exec's deal after hiring error

A $1.7 mil­lion con­tract buy­out to a hired for­eign­er whose ser­vices were even­tu­al­ly deemed not nec­es­sary, some $23,770 spent on cater­ing lunch for two days and mil­lions paid to con­sul­tants and re­cruit­ment com­pa­nies.

The fig­ures were laid out by Op­po­si­tion sen­a­tor Ger­ald Ramdeen in his con­tri­bu­tion to yes­ter­day’s Sen­ate de­bate on the vest­ing of Petrotrin as­sets to Her­itage Pe­tro­le­um, Paria Fu­el Trad­ing Com­pa­ny and Guaracara Re­fin­ing.

“It is a web of il­le­gal­i­ty tak­ing place left, right and cen­ter,” Ramdeen said.

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