PORT OF SPAIN, Trinidad, CMC -The state-owned Trinidad Petroleum Holdings Restricted (TPHL) has dismissed as unfaithful a media report {that a} pre-election take care of the Nigeria-based Oando Power Sources (OANDO) had “collapsed.”
In a quick assertion, TPHL, liable for managing Trinidad and Tobago’s oil and associated property, stated it had taken observe of journalist Ken Ali’s Fb publish on Monday, captioned “Petrotrin-OANDO pre-election deal collapses.”
“There is no such thing as a fact to Mr. Ali’s declare that there was any “collapse,” and his statements are unlucky, unhelpful, deceptive, and mischievous.
TPHL, which has 4 subsidiaries, Petrotrin, stated that it and Oando had one face-to-face assembly on March 13 this 12 months and three digital conferences since then, the final of which was on April 10, 2025. It stated the subsequent assembly is scheduled for Wednesday.
“On April seventeenth, 2025, Oando despatched documentation to TPHL, which TPHL is presently assessing to reply by April twenty second, 2025. Due to this fact, discussions are ongoing between Oando and TPHL as particulars are finalized for a refinery restart,” the TPHL stated.
It stated that for the reason that “Cupboard approval of February 27, 2025, the place Power Minister Stuart Younger, on the time, suggested that the “ball is now in TPHL’s court docket to pursue the take care of Oando,” the TPHL group, made up of TPHL personnel, together with native and international advisors, has acquired no instruction or route regarding discussions with Oando from Prime Minister Stuart Younger or another member of the Authorities.
In February, the then-Dr. Keith Rowley-led authorities introduced that OANDO had been chosen as the popular bidder to restart the Petrotrin oil refinery. The refinery closed as a result of multi-billion (US) greenback losses it had been recording over time.
Since its closure, a number of corporations, together with one owned by the Oilfield Staff Commerce Union (OWTU), have been unsuccessful of their bids.
The OWTU has since publicly supported the primary opposition United Nationwide Congress (UNC), which has warned that it “will pursue investigations in opposition to everybody who participates on this theft of the …refinery property.”
