Saturday, February 24, 2018

NP to set up gas stations, subsidiary in Haiti

National Petroleum (NP) will establish nine gas stations, a subsidiary company and an NP office in Haiti. 

This was revealed by NP’s chairman Neil Gosine at the signing of a memorandum of understanding on energy cooperation between Haiti and Trinidad and Tobago at the Hilton Hotel in St Ann’s yesterday. The agreement would allow Haiti to access products from NP, Petrotrin and assistance from National Energy (formerly National Energy Corporation), such as diesel, liquified petroleum gas and lubricants.

Gosine said NP would brand nine independent stations. “We want to fast-track this, within six to nine months,” he said. “ We have already done the feasibility studies for the branding of the stations in Haiti and we are conducting feasibility studies for another opportunities, namely LPG, bunkering, fuel storage and supply of lubricants,” he said. He said NP would work in tandem with Petrotrin and National Energy.

 Petrotrin chairman Lindsay Gillette said Petrotrin was aware of the critical shortage of fuel in Haiti which was to the tune of 120,000 barrels per day. He said the first cargo of fuel would leave in a couple of months to Haiti. 

Energy Minister Kevin Ramnarine said National Energy (NE) was working on a port project with the Haitian government. 

Prime Minister Kamla Persad-Bissessar said she was pleased that Haiti was sourcing its energy products from Trinidad and Tobago rather than from outside of the region. She said NP, Petrotrin, NE brands provide jobs for many people here in Trinidad and Tobago. By selling these products to you, you will help us to continue to generate employment...At the same time with our products coming into your country duty free, it means that your citizens would benefit from the (lower) cost of the products,” the Prime Minister stated.