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Fishermen worry about impact of oil spill: Is the fish in the Gulf safe to eat?
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Ex-chairman: Put NP on stock exchange instead of selling assets, liberalising fuel
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MSJ queries changes to Guaracara refinery RFPs
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Rowley: NiQuan fuel to be purchased in US dollars -
The low-sulphur diesel products produced by NiQuan Energy Trinidad Ltd’s gas-to-liquids plant will be purchased in US dollars, the Prime Minister has said.
Dr Rowley made the statement during the Prime Minister’s question segment in Parliament on Friday in response to a question by Pointe-a-Pierre MP David Lee.
In 2019, Energy Minister Franklin Khan said NiQuan Energy had an offtake agreement with Petrotrin which would now be assigned to Paria Fuel Trading. Rowley said the agreement remains in place.
“NiQuan sells zero sulphur diesel which fetches a premium of 25 per cent above the market price, and it will be sold in US dollars, so it’s a US dollar transaction. The arrangement between NiQuan and the seller is that there’s an offtake agreement where NiQuan supplies its product to Heritage or to Paria. That product is sold on the international market for US$ and then the payments are separated when they come back int
Patriotic submission to go to Cabinet next week
The Pointe-a-Pierre refinery. -
THE Prime Minister said the financing proposal submitted by Patriotic Energies and Technologies Company on February 5 will be brought to Cabinet next week for a decision. Speaking in Parliament in response to a question from Pointe-a-Pierre MP David Lee, Dr Rowley said the financing proposal for the purchase of the assets of the Guaracara refinery and Paria Fuel was currently under review and would be submitted to the Cabinet next week for a decision.
This was the second extension granted to Patriotic Energies to prove its ability to purchase the Pointe-a-Pierre refinery. On February 5, Patriotic’s parent company, the Oilfield Workers Trade Union (OWTU), said it is confident its submission will find favour with government to acquire the ageing refinery and restart the company.