Imbert: Still no deal with Patriotic
File photo: A view of the refinery along the Guaracara River in Gasparillo. PHOTO BY MARVIN HAMILTON
FINANCE Minister Colm Imbert has further crushed any hopes Patriotic Energies and Technologies Co Ltd many have had of buying the Guaracara refinery, after they met virtually on Thursday.
In a release on Friday morning, Imbert, in his capacity as Finance Minister and Corporation Sole, confirmed, “The Cabinet decision of Thursday February 18, 2021 on this matter, that was announced at the press conference held on that same day, stands.
Patriotic said it had no comment to make at this time.
What s the real deal on OWTU refinery bid?
Thursday 28 January 2021
In this file photo, Ancel Roget, president general of the OWTU and head of Patriotic Energies and Technology addresses the media at a press conference at Paramount building, San Fernando on the failed bid for the Pointe-a-Pierre refinery. Roget holds a copy of a letter they received from the finance minister and their response to the letter. -
As we get closer and closer to the 15-day extension granted by the Minister of Finance for the proposal by the OWTU to purchase the refinery at Guaracara, I have to admit that I get more confused about the whole thing.
Patriotic given 15 days to prove it has $ for the refinery
Patriotic chairman Ancel Roget. -
PATRIOTIC Energies and Technologies Co Ltd has been given a second extension to prove its ability to purchase the Pointe-a-Pierre refinery.
Government has acceded to a request from the company to rethink Monday’s Cabinet decision to seek another partner for the restart of the refinery. The company has been given until February 5 to do so.
Pleased for another chance, Patriotic has vowed to do all it can this time around to convince government it is indeed the best fit for the task at hand.