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  • 1 year ago
The OWTU says had government not closed the Petrotrin Pointe-a-Pierre refinery, the country and its citizens would not be facing the current forex crisis.
Transcript
00:00The OWTU says had government not closed the Petrotrin point-of-pay refinery, the country
00:06and its citizens would not be facing the current forex crisis.
00:10Citing figures obtained from Paria Fuel Trading Company through a Freedom of Information Request,
00:15the President-General of the Union says over US$7 billion has been spent by the government
00:21to purchase gas since the refinery closed in 2018.
00:26This lowly and inbuilt government spent US$7,605,795,200 in foreign exchange to bring fuel to the country
00:51that we were producing.
00:53Roger said at a news conference at the Union's San Fernando headquarters this morning that
00:58Paria is the second largest forex user in the country.
01:01He says poor management of this country's energy sector, from which most of its revenue
01:05is derived, is responsible for the ordinary man's inability to access minimal amounts
01:10of US dollars for small business, education, travel and online purchases.
01:17So you shut down your ability to produce your own fuel and you set up a company called
01:25Paria Fuel Trading and that company doesn't produce fuel enough.
01:30It buys fuel on the foreign market using US currency and sells it back to us here for
01:43a fee of US$7,605,795.
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