Guyana govt officially pours cold water on building oil refinery

Posted by: Denis Chabrol in Business, News October 11, 2017, https://demerarawaves.com/2017...ilding-oil-refinery/

The Guyana government on Wednesday officially stated for the first time since a feasibility study was conducted that it would not build a US$5 billion oil refinery, but said it would not oppose the private sector risking the investment.

Addressing a panel discussion on energy at the Guyana Business Summit, Minister of Natural Resources, Raphael Trotman said government could not afford to drill down such a large amount of cash on such a facility.

“Government has concluded that it, as a government, cannot spend five billion dollars on an oil refinery but we are not in any way dissuading the private sector from taking up the challenge,” he told the summit which is being held in collaboration with the Inter-American Development Bank (IDB).

He noted that there is talk about building a much smaller modular oil refinery in Region 10 “and we are prepared to give favourable consideration that can meet good standards and guidelines”.

Back in May, 2017 when the findings of a desktop feasibility study that was conducted by Director of Advisory Services at the New York-based Hartree , Pedro Haas, were revealed, the Minister had said that the construction of an oil refinery to process 100,000 barrels per day would have been a political decision to generate and maintain jobs.

Guyana domestic fossil fuel consumption is estimated at 15,000 barrels per day.

Meanwhile, Trotman said government was opened to giving up some of its powers in the proposed Petroleum Commission whose Bill is currently before a parliamentary select committee for consideration by stakeholders. “When we resume our work, we are open to all reasonable ideas. We are open to the dilution and the diminution of powers away from government and  we are open to greater inclusivity om that regard so rest assured that this is not something that is not under consideration and we welcome your support,”  he said.

Consultations on a National Local Content Policy, he said, were continuing with the assistance of Trinidad and Tobago expert, Anthony Paul.

Guyana’s developing oil and gas sector is receiving support from the United States, Canada, The Commonwealth and the Inter-American Development Bank.

Guyana govt officially pours cold water on building oil refinery

Posted by: Denis Chabrol in Business, News October 11, 2017, https://demerarawaves.com/2017...ilding-oil-refinery/

Back in May, 2017 when the findings of a desktop feasibility study that was conducted by Director of Advisory Services at the New York-based Hartree , Pedro Haas, were revealed, the Minister had said that the construction of an oil refinery to process 100,000 barrels per day would have been a political decision to generate and maintain jobs.

The minister seems to be babbling nonsense on these issues.

Come in PNC apologists, let us hear your excuses. 

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

Oh yes we know that Jagdeo will build another US$5billion fiasco this time. First Skeldon factory and then an oil refinery.

How is it going to be financed?  Which oil is going to be refined. Where will the markets be?  Just a few hundred miles away in Trinidad there is ample refining capacity and they have been in that business for over 100 years.

Druggie you are an idiot so I except you to think that GOVERNMENT should spend $5B that it doesn't have!

If Exxon wants a refinery in Guyana let them build it.  Just know that huge expenditures will also be needed to build a large deep water harbor for super tankers will be needed.  Guyana's geography defies that concept with our shallow muddy rivers and coast.

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

Cobra posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

They promised oil refinery and the public waited for the economic  benefits from such an investment. Now you slop can boys backpeddeling lakka rass. 

Drugb posted:

Cobra posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

They promised oil refinery and the public waited for the economic  benefits from such an investment. Now you slop can boys backpeddeling lakka rass. 

When ??  GoadyWalla

or was it an idea to be explored ??

These journalists in Guyana love to excite people about future developments and when the time comes nothing happens. What they do is come up with more promises and cycle continues.  

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

A refinery was one of the PPP graft schemes. Spend lots of cash on another white elephant and you have lots of leeway to get lucrative cuts you can pocket. Presently,  we do not know the longevity of our oil resources. At the moment the state is getting speculating on half a billion income a year for the next 15 When that income reaches about ten billion a year and the life of our oil fields extend to about 30 years such a project needs to be scaled down to small portable plants that can meet our own emergency needs

Django posted:

Drugb posted:

Cobra posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

They promised oil refinery and the public waited for the economic  benefits from such an investment. Now you slop can boys backpeddeling lakka rass. 

When ??  GoadyWalla

or was it an idea to be explored ??

What is with the false names?  You trying to get banned?

Drugb posted:

Django posted:

Drugb posted:

Cobra posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

They promised oil refinery and the public waited for the economic  benefits from such an investment. Now you slop can boys backpeddeling lakka rass. 

When ??  GoadyWalla

or was it an idea to be explored ??

What is with the false names?  You trying to get banned?

The burden of Django carrying the AFC slop is weighing heavily on him. It may be affecting his brain.

Stormborn posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

A refinery was one of the PPP graft schemes. Spend lots of cash on another white elephant and you have lots of leeway to get lucrative cuts you can pocket. Presently,  we do not know the longevity of our oil resources. At the moment the state is getting speculating on half a billion income a year for the next 15 When that income reaches about ten billion a year and the life of our oil fields extend to about 30 years such a project needs to be scaled down to small portable plants that can meet our own emergency needs

PPP never promised to spend tax payers money on refinery. It was a private venture proposed by an investor. Get your facts straight. 

D2/Storm is like the emperor with no clothes. Like Django, he has joined in carrying PNC's slop. 

Drugb posted:

Stormborn posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

A refinery was one of the PPP graft schemes. Spend lots of cash on another white elephant and you have lots of leeway to get lucrative cuts you can pocket. Presently,  we do not know the longevity of our oil resources. At the moment the state is getting speculating on half a billion income a year for the next 15 When that income reaches about ten billion a year and the life of our oil fields extend to about 30 years such a project needs to be scaled down to small portable plants that can meet our own emergency needs

PPP never promised to spend tax payers money on refinery. It was a private venture proposed by an investor. Get your facts straight. 

Yes they did. They already awarded 25 hectares ranging over the area of crab Island in Berbice to the Beharry group with whom they hoped to partner.  It was going to be a private venture in words only like the berbice river bridge or the Marriott.

yuji22 posted:

D2/Storm is like the emperor with no clothes. Like Django, he has joined in carrying PNC's slop. 

Shut your ***.k.ing ugly mouth you racist pig.

Stormborn posted:

Drugb posted:

Stormborn posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

A refinery was one of the PPP graft schemes. Spend lots of cash on another white elephant and you have lots of leeway to get lucrative cuts you can pocket. Presently,  we do not know the longevity of our oil resources. At the moment the state is getting speculating on half a billion income a year for the next 15 When that income reaches about ten billion a year and the life of our oil fields extend to about 30 years such a project needs to be scaled down to small portable plants that can meet our own emergency needs

PPP never promised to spend tax payers money on refinery. It was a private venture proposed by an investor. Get your facts straight. 

Yes they did. They already awarded 25 hectares ranging over the area of crab Island in Berbice to the Beharry group with whom they hoped to partner.  It was going to be a private venture in words only like the berbice river bridge or the Marriott.

Liar

US based company plans  to establish Guyana's first oil refinery

Visiting Prime Energy team with President Jagdeo

Georgetown - Prime Energy LLC- Caribbean, a United States based petroleum company, plans to establish Guyana's first ever oil refinery. The investors of the company met with President Bharrat Jagdeo on April 6 to bring him the news of their plans. President of Prime Energy, Jerry Brooks, company representative Vijay Doerga, and members of the company's board were in the visiting delegation.  Prior to their meeting with President Jagdeo, the delegation met at an information session with stakeholders at the Princess Hotel. Prime Minister Samuel Hinds was also at that meeting.  According to the Guyana Chronicle (GC) the company is pursuing the venture in partnership with Kuai Energy Systems and Chemexllc, and has signalled its intention to recruit 100 Guyanese to work with the company when it becomes a reality. Doerga gave the assurance that "tonnes of jobs," will be awaiting Guyanese after the establishment of the project. Foundation work is scheduled to commence in another six months and the US$75M project is expected to come on stream within 18 months.  Brooks told the Government Information Agency (GINA) that the refinery is a modular mini refinery with a capacity to hold 20,000 barrels daily. The major elements on the refiners will be manufactured in the United States and then shipped to Guyana for installation. Brooks explained that this approach will be taken to avert any factor that may stymie the project completion duration, such as inclement weather. "A large typical refinery today can take up to seven years to build… and most people have the concept that they can't build a smaller refinery because they have all these big markets that they want to supply. We're looking for a small market to supply," Brooks said. He further explained that the interest to establish a refinery in Guyana was stimulated by the fact that several countries around the world are looking to 20,000 barrels a day refineries for their countries, given the high cost incurred to transport crude oil to the United States for refining. Doerga explained that the conglomerate will be sourcing its crude oil from companies in the region in the initial phase, but will also forge ties with local exporters. With drilling going on in Guyana it is important to forge local ties.  Prime Energy is an independent oil and gas company with a mandate to acquire, develop and produce oil and natural gas through small- scale oil refinery technology.

Drugb posted:

Django posted:

Drugb posted:

Cobra posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

They promised oil refinery and the public waited for the economic  benefits from such an investment. Now you slop can boys backpeddeling lakka rass. 

When ??  GoadyWalla

or was it an idea to be explored ??

What is with the false names?  You trying to get banned?

Suh now is banned and you are free use adjectives.

Ironic !!!

Drugb posted:

Cobra posted:

Drugb posted:

Come in PNC apologists, let us hear your excuses. 

The opinions of others doesn't have to be from PNC apologists. The oil refinery is an expensive undertaking. It would be wise to wait until one or two years production to be more confident if the refinery is worth the investment. At the same time, the private sectors can take the challenge alone, if they so choose or seek a  private-public partnership venture. 

They promised oil refinery and the public waited for the economic  benefits from such an investment. Now you slop can boys backpeddeling lakka rass. 

Spare me the name calling. I am no slop can boy. I am a pure breed coolie from Berbice, the county of the mighty Jagan. 

Django posted:

 

When ??  GoadyWalla

Django, the Lord is looking and is unhappy at the way you're debasing yourself. Brother Gilly is praying for you to take the high road. Do not walk in your foes' footsteps. May God bless and keep you always from harm's way.