Saturday, February 17, 2018

Tewarie: Audit coming into Petrotrin’s assets

 A COMPLETE audit into Petrotrin’s assets is expected to take place soon, Minister of Planning and Sustainable Development Dr Bhoe Tewarie said yesterday.

Tewarie said a few weeks ago, a note was brought to Cabinet by Energy Minister Kevin Ramnarine requesting the audit.

He was speaking at the post-Cabinet news conference at the San Fernando Teaching Hospital.

Tewarie said: “It was agreed that an audit would be done of all the assets so once that begins, the question of the integrity of all the assets of Petrotrin will become important and, therefore, you will deal with the issues of either maintenance or replacements.”

The minister, who gave infor­mation regarding the latest oil spill in Marabella, said there were questions as to why Petrotrin’s oil containment measures were not able to stop oil from leaking into the Guaracara River, greatly affecting residents in Marabella.

On Tuesday, Petrotrin reported oil had leaked from one of their tanks located at its Pointe-a-Pierre refinery.

The Environmental Management Authority (EMA) estima­ted it to be 17,844 barrels.

Tewarie said, “Petrotrin is investigating now. They have assured me of certain facts they seem to be finding.” 

He reminded the public Petro­trin has been in operation for decades.

Petrotrin’s president, Khalid Hassanali, yesterday admitted some infrastructure was at least 100 years old.


Upgrade benefits

Economist Dr Roger Hosein: “Perhaps the time has come where Petrotrin would want to consider the benefit of upgra­ding its infrastructure because 

as it ages more, a juncture may be reached where the benefits may offset the cost.”