Sunday, September 9, 2012

Bunkering licence suspended pending official evaluation

Kevin Ramnarine
Energy Minister Kevin Ramnarine on Saturday stated that government has suspended the award of a multi-million dollar bunkering licence pending a joint evaluation by State-owned Petrotrin and the National Energy Council.

The Express newspaper reported Sunday that Ramnarine confirmed the move in a text message to the paper in which he said 
granting of a licence will take into account the output from the commercial evaluation.

The bunkering issue was one of the matters that led to a shutdown of Petrotrin's refinery in Point a Pierre last week.

On Friday, Ramnarine told reporters that no licence had been awarded to Bunkers International or any subsidiary of Bunkers International.

"While Cabinet has agreed to authorise the minister to grant a licence for ex-vessel bunkering to a subsidiary of Bunkers International, the eventual granting of any licence by the minister is subject to due diligence and the meeting of a number of conditions," Ramnarine said.

Last month Ramnarine told reporters at a post-Cabinet media  briefing Cabinet agreed to issue a marketing licence to Bunkers Oil Trinidad & Tobago Ltd and that any fuel being purchased by bunkers from Bunkers Oil Trinidad and Tobago Ltd must be from Petrotrin.

1 comment:

TT Observer said...

Why is the Bunkering Licence Suspended Pending Investigations? Is the OWTU irresponsible by highlighting possible corruption that is important enough for Suspension of Licencing? Please don't move the goalpost Jai.

Jai & Sero

Jai & Sero

Our family at home in Toronto 2008

Our family at home in Toronto 2008
Amit, Heather, Fuzz, Aj, Jiv, Shiva, Rampa, Sero, Jai