Sunday, June 26, 2022

T&T Senator urges police action at Petrotrin

Must Read

OilNOW is an online-based Information and Resource Centre

The Fraud Squad should be sent to Petrotrin to examine the state-owned oil company’s books in light of the A&V Oil and Gas Limited scandal, Opposition Senator Gerald Ramdeen urged on Tuesday as he spoke on Senator Wade Mark’s private motion to suspend A&V’s contract and withhold payments to that company, reports Newsday.

It was reported over the weekend that President of the state-owned oil company Petrotrin resigned over a scandal involving discrepancies between reported oil production in the exploration and production operations in the Catshill Field operated by A&V Oil and Gas and the actual production receipts at the Pointe-a-Pierre refinery.

The oil company has also been plagued with incidents of spills and safety mishaps over the past several months at its Pointe-a-Pierre refinery.

In May, Pointe-a-Pierre MP David Lee called for the resignation of the President and Board of the State-owned oil company over environmental concerns related to the operation of the refinery.

Petrotrin has been lobbying Guyana for an opportunity to refine its oil when production begins in 2020. A Trinidadian consultant told OilNOW in June that this may not be a viable option for Guyana due to the composition of the South American country’s crude and the configuration of the Pointe-a-Pierre refinery. He also pointed out that safety breaches at the facility should be of concern to Guyana.


Latest News

Tom Mitro failed to prove Guyana losing big on cost oil deductions

By Joel Bhagwandin - OilNOW I am tired of responding to first world “so called experts” who have their own...

More Articles Like This