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Bharath, Arjoon: Worrying signs from S&P
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No word from Agriculture Ministry on Roadmap progress
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NGC reports 191m profit after $2 1b loss
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Bharath: Govt to blame for $2.1b NGC loss
Vasant Bharath. -
FORMER minister in the ministry of finance Vasant Bharath blamed the Government for the $2.1 billion loss the National Gas Company (NGC) reported at the end of last year.
NGC chairman Conrad Enill spoke about the loss in his report attached to the company s summary consolidated financial statements for the year ended December 31, 2020, published in a newspaper advertisement on Thursday.
Bharath said Government failed to heed the warnings of many reports and experts in the sector over the last five years. In 2015, Trinidad and Tobago was the world s largest exporter of methanol and ammonia. It has now lost half of its methanol production as well as significant ammonia production.
Arjoon, Bharath: A matter of timing for subsidy removal
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