JavaScript is disabled in your web browser or browser is too old to support JavaScript. Today almost all web pages contain JavaScript, a scripting programming language that runs on visitor's web browser. It makes web pages functional for specific purposes and if disabled for some reason, the content or the functionality of the web page can be limited or unavailable.

Wednesday, July 16, 2025

Team appointed to examine bids for former Petrotrin refinery

by

Gail Alexander
2169 days ago
20190807
Petrotrin refinery

Petrotrin refinery

Suzanne Sheppard

Find a pre­ferred bid­der for the Pointe a Pierre re­fin­ery AS­AP.

The of­fi­cial­ly con­sti­tut­ed Guaracara Eval­u­a­tion team scru­ti­n­is­ing bid­ders for sale or lease of the Guaracara Re­fin­ery (for­mer­ly Petrotrin’s re­fin­ery at Point a Pierre) has been man­dat­ed to com­plete its job in the “short­est pos­si­ble time,”

En­er­gy Min­is­ter Franklin Khan who con­firmed this yes­ter­day, added: “It’s a com­plex mat­ter but it’s crit­i­cal for T&T.”

Khan spoke briefly af­ter the names of the 10 mem­ber Eval­u­a­tion team were of­fi­cial­ly is­sued by Trinidad Pe­tro­le­um Hold­ings Com­pa­ny, (TPH­CL) par­ent com­pa­ny of the three suc­ces­sor sub­sidiaries which were formed fol­low­ing Petrotrin’s clo­sure last Au­gust.

TPH­CL said the Guaracara Eval­u­a­tion Com­mit­tee in­cludes Per­ma­nent Sec­re­tary in the Fi­nance Min­istry Vish­nu Dhan­paul (chair­man), for­mer Petrotrin deputy chair­man An­tho­ny Chan Tack for­mer Petrotrin board mem­ber Claire Gomez-Miller, re­tired labour leader Joseph Re­my, For­mer Man­ag­ing Di­rec­tor of Nu­trien (for­mer­ly PCS Ni­tro­gen Trinidad Lim­it­ed) Ian Welch, En­er­gy Min­istry Per­ma­nent Sec­re­tary Sel­wyn Lash­ley; in­sur­ance ex­ec­u­tive Dale McLeod, En­er­gy Min­istry deputy PS and econ­o­mist San­dra Fras­er, NP chair­man Sahid Ho­sein and An­gos­tu­ra chair­man Ter­rance Bharath.

Khan told Guardian Me­dia,”We want­ed a more broad based eval­u­a­tion team and the mem­bers—who in­clude se­nior pub­lic of­fi­cers plus oth­er busi­ness and labour ex­perts—pro­vide a wider pool and would be best suit­ed to ap­pro­pri­ate­ly se­lect what’s need­ed for the re­fin­ery.”

Con­tact­ed at the Min­istry, Dhan­paul con­firmed he had signed a non-dis­clo­sure agree­ment and couldn’t speak about the team’s job.

TPH­CL’s state­ment in­di­cat­ed that the ap­point­ment of the team will re­move any re­quire­ment for TPH­CL’s Board of Di­rec­tors to con­duct the eval­u­a­tion and se­lec­tion since the team will as­sume full re­spon­si­bil­i­ty for the se­lec­tion of the pre­ferred bid­der.

“Con­se­quent­ly, the Gov­ern­ment has in­dem­ni­fied the Board of Di­rec­tors of Trinidad Pe­tro­le­um Hold­ings Com­pa­ny Lim­it­ed (TPH­CL) from any li­a­bil­i­ty that may stem from the de­ci­sions and/or ac­tions of the Eval­u­a­tion Com­mit­tee,” TPH­CL stat­ed.

Cab­i­net ap­proved the team in June .

Prime Min­is­ter Dr Kei­th Row­ley said in June that the Pointe-a-Pierre re­fin­ery was ad­ver­tised to the world and “a num­ber of com­pa­nies” re­spond­ed. Sub­se­quent­ly the team was cho­sen, in­clud­ing mem­bers of the board at Petrotrin and oth­er skilled peo­ple from the pri­vate and pub­lic sec­tor. He said mem­bers would ex­am­ine what was of­fered, choose the best op­tion af­ter analy­sis and make a rec­om­men­da­tion to Cab­i­net by Au­gust. He said Cab­i­net will ex­am­ine that rec­om­men­da­tion and take “a far-reach­ing de­ci­sion to do some­thing with the re­fin­ery.”

The team will eval­u­ate all bid­ders par­tic­i­pat­ing in the Guaracara RFP (in­clud­ing bid­ders in Stage 1 and Stage 2) and make a rec­om­men­da­tion to Cab­i­net on the pre­ferred bid­der.

In April, Gov­ern­ment stat­ed 70 bids were re­ceived. In May TPHL’s tran­si­tion team chair­man Lisa Ali told the Sun­day Guardian the process had pro­gressed up to the non-bind­ing first round stage and 25 of the 70 had signed con­fi­den­tial­i­ty agree­ments.

Ali con­firmed the as­sets of Paria Fu­el Trad­ing were part of the RFP for the re­fin­ery—and there was on­ly one RFP—to al­low for the widest range of pro­pos­als. She said Paria’s as­sets were part of the in­te­grat­ed oil com­pa­ny and any­one op­er­at­ing the re­fin­ery would need ac­cess to Paria’s ter­mi­nal to bring crude in­to T&T and ex­port fin­ished prod­uct.


Related articles

Sponsored

Weather

PORT OF SPAIN WEATHER

Sponsored

Today's
Guardian

Publications

Shastri Boodan

Shastri Boodan

Apsara inspires youth through culture

Yesterday
Dr Mariama Alleyne

Dr Mariama Alleyne

Dr Mariama Alleyne

Dr Mariama Alleyne

Dr Mariama Alleyne: Global Hero of Hope supports cancer survivors

2 days ago
During my consultation with Ms Brafit CEO Nicole Joseph-Chin, what was supposed to be a simple mastectomy bra fitting became something much deeper. Her thoughtful questions unlocked emotions I didn’t even realise I was holding in. She comforted, reassured, and helped me face the truth of what was coming. That bra wasn’t just clothing—it was the first real symbol of life after surgery.

During my consultation with Ms Brafit CEO Nicole Joseph-Chin, what was supposed to be a simple mastectomy bra fitting became something much deeper. Her thoughtful questions unlocked emotions I didn’t even realise I was holding in. She comforted, reassured, and helped me face the truth of what was coming. That bra wasn’t just clothing—it was the first real symbol of life after surgery.

During my consultation with Ms Brafit CEO Nicole Joseph-Chin, what was supposed to be a simple mastectomy bra fitting became something much deeper. Her thoughtful questions unlocked emotions I didn’t even realise I was holding in. She comforted, reassured, and helped me face the truth of what was coming. That bra wasn’t just clothing—it was the first real symbol of life after surgery.

During my consultation with Ms Brafit CEO Nicole Joseph-Chin, what was supposed to be a simple mastectomy bra fitting became something much deeper. Her thoughtful questions unlocked emotions I didn’t even realise I was holding in. She comforted, reassured, and helped me face the truth of what was coming. That bra wasn’t just clothing—it was the first real symbol of life after surgery.

Standing on business, not pity: My fight begins–Part 2

2 days ago
Gillian de Souza graces the cover of the book: Minding Their Own Business: Five Female Leaders From Trinidad and Tobago authored by Trini-American Joanne Kilgour Dowdy, Professor of Literacy Studies at the College of Education Health and Human Services at Kent State University.

Gillian de Souza graces the cover of the book: Minding Their Own Business: Five Female Leaders From Trinidad and Tobago authored by Trini-American Joanne Kilgour Dowdy, Professor of Literacy Studies at the College of Education Health and Human Services at Kent State University.

Gillian de Souza graces the cover of the book: Minding Their Own Business: Five Female Leaders From Trinidad and Tobago authored by Trini-American Joanne Kilgour Dowdy, Professor of Literacy Studies at the College of Education Health and Human Services at Kent State University.

Gillian de Souza graces the cover of the book: Minding Their Own Business: Five Female Leaders From Trinidad and Tobago authored by Trini-American Joanne Kilgour Dowdy, Professor of Literacy Studies at the College of Education Health and Human Services at Kent State University.

Gillian de Souza’s American culinary journey springs from T&T roots

2 days ago