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.
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.