Pa­tri­ot­ic En­er­gy Ser­vices Lim­it­ed (PESL) has en­dorsed the Gov­ern­ment’s phased ap­proach to restart­ing the Guaracara Re­fin­ery, de­scrib­ing it as a prac­ti­cal way to achieve a faster and more ef­fec­tive restart.

The rev­e­la­tions were made by Fi­nance Min­is­ter Dav­en­dranath Tan­coo in Par­lia­ment dur­ing his Bud­get 2027 pre­sen­ta­tion to­day.

In a state­ment, PESL said the re­fin­ery’s re­turn to op­er­a­tions was crit­i­cal to strength­en­ing Trinidad and To­ba­go’s en­er­gy se­cu­ri­ty, re­vi­tal­is­ing eco­nom­ic ac­tiv­i­ty and cre­at­ing em­ploy­ment op­por­tu­ni­ties.

The com­pa­ny al­so said restart­ing the re­fin­ery could help re­store con­fi­dence among com­mu­ni­ties and busi­ness­es that have his­tor­i­cal­ly de­pend­ed on its op­er­a­tions and the wider en­er­gy sec­tor.

PESL com­mend­ed the Gov­ern­ment’s com­mit­ment to a fis­cal­ly dis­ci­plined, com­mer­cial­ly vi­able and ful­ly fi­nanced ap­proach to restart­ing the re­fin­ery, while safe­guard­ing the na­tion­al in­ter­est.

The com­pa­ny said it was com­mit­ted to sup­port­ing a safe, se­cure, suc­cess­ful and sus­tain­able restart that de­liv­ers last­ing eco­nom­ic and so­cial val­ue for Trinidad and To­ba­go.