Archive for the 'Oil and Gas' Category

How Petrotrin was defrauded

By Anna Ramdass
September 14, 2017 – trinidadexpress.com

COLLUSION.

How Petrotrin was defraudedThis was how State-owned Petrotrin was defrauded of close to $100 million.

Details are contained in the August 2017 report by Petrotrin’s internal audit committee which unearthed the “fake oil” scandal.
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Remembering Malcolm Jones

By Raffique Shah
August 10, 2017

Raffique Shah“I’ll share with you a personal secret…I. Don’t. Like. Pone!” said Malcolm Jones, emphasising every word he uttered. I couldn’t believe what he revealed: a Trinidadian who did not like pone, that cassava sweetbread whose taste and texture are sinfully irresistible to natives of this country? We eat pone by the slabs, not slices. “Malcolm,” I responded, “what kind of Trini are you?”
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A Challenge for Comrade Roget

By Raffique Shah
April 16, 2017

Raffique ShahLet it be clear that I am not joining any chorus of condemnation of OWTU president-general Ancel Rouget for his remark on bpTT’s decision to have its Angelin gas platform fabricated outside of Trinidad & Tobago, “Take your rig and go!” As a former unionist, I fully understand and accept sloganeering, bravado, and even outrageous statements as legitimate tools of the trade.
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Guyana on the Brink of an Oil Bonanza

By Stephen Kangal
March 22, 2017

Stephen KangalAll Caribbean peoples living at home and in the diaspora will exult with their mainland Guyanese counterparts over the successful 100,000 bpd discoveries of oil by Exxon Mobil off-shore of Guyana. The sub-regional oil balance will be tilted in favour of Guyana. T&T’s 100-year exploitation of oil and the current sub-regional supply monopoly is in steady decline. It was only aggravated by the Petro-Caribe initiative of former Venezuelan President Chavez targeted on Caricom countries former markets of Petrotrin totaling 60,000 bpd.
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Sugar industry was doomed to fail

By Raffique Shah
Submitted: July 26, 2016
Published: August 01, 2016

Raffique ShahTrinidad & Tobago, as a very inefficient producer of sugar, relying heavily on preferential, prices for the commodity from Britain, and later the European Union, should have scaled back sugar production from the 1970s when the industry’s losses mounted year after year, soon to reach uncontrollable levels.
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Waste worse than corruption

By Raffique Shah
March 25, 2016

Raffique ShahA recent World Bank report ranked Trinidad and Tobago as the country that generates the most “municipal solid waste”, on a per capita basis, in the world.

According to the report, every man, woman and child in this country, on average, every day, generates a mind-boggling 14.4 kilogrammes of garbage:

The world average is 1.2 kilos.
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Recession was predictable

By Raffique Shah
December 07, 2015

Raffique ShahThis recession did not creep up on us like the proverbial thief in the night.

It was long in the making. In fact, from as far back as the global financial crisis of 2008-2009, when Clico collapsed and the price of oil plunged from a brief high of US $140 a barrel to $30, informed, patriotic citizens were warning governments to go easy on the wild spending, to set aside more savings in the Heritage and Stabilisation Fund, to wean the population off dependency on subsidies, and most of all to diversify the economy from its over-reliance on oil, gas and petrochemicals.
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