UNC Connect
Powered by Conduit Mobile

TTNGL the Sequel

By Kevin Ramnarine In 2013, Conoco Phillips informed the Government of T&T they were selling their 39% stake in Phoenix Park Gas Processors Limited (PPGPL). The reason – restructuring aimed at an increased focus on their upstream business. Their departure, on the...
Posted On 12 Jun 2017
, By

REAPING THE FRUITS

By Kevin Ramnarine In 2014, at an Annual Technical Meeting between BP and the Ministry of Energy, I said that the most important economic relationship in T&T was the relationship between BP and the Government of T&T. Today, T&T accounts for 17% of BP’s global...
Posted On 30 May 2017
, By

Against Excessive Taxation

by Kevin Ramnarine In 1977, Margaret Thatcher (not yet PM of Britain), speaking at the University of Zurich called for a “revolt against excessive taxation”. Excessive taxation had stagnated Britain in the 1970’s. In 1979 when she became Prime Minister she reinvented the British...
Posted On 16 May 2017
, By

RELAX THE TAX

By Kevin Ramnarine The Ministry of Finance has signalled the re-introduction of Property Tax. Most of the population already know it’s the law, they know it’s not new and they know it obtains in other countries. However, it is debatable whether it is being re-introduced at the...
Posted On 25 Apr 2017
, By

Why we have a natural gas shortage

By Kevin Ramnarine In my four years as Minister of Energy, the biggest problem I faced was the shortage of natural gas. The Prime Minister has said we failed to deal with it. This is not correct. In fact, had we not taken the action we took, the country would be in a far worse...
Posted On 18 Apr 2017
, By

WHY WE LOST ANGELIN

By Kevin Ramnarine Last week BP announced that it would not be fabricating the Angelin platform in La Brea. Angelin is BP’s next major gas development project in T&T. It follows on from the Juniper project which is getting ready to start production. The overall investment in...
Posted On 11 Apr 2017
, By

The Moving Train

By Kevin Ramnarine Last week the Prime Minister (PM) visited Houston and met with BP, Shell and others. Following the meeting his office announced that BP was planning to invest US$ 5 billion in T&T in the next five years. This is nothing new, comes as no surprise and is the...
Posted On 04 Apr 2017
, By

Correcting the record on natural gas curtailments

By Kevin Ramnarine Last Wednesday in Parliament, Stuart Young said I never told the country about the curtailments of natural gas supply. He declared that I had continuously blamed it on maintenance and blamed it on the oil spill in the Gulf of Mexico. He said, “So, you didn’t...
Posted On 21 Mar 2017
, By

Correcting Colm

By Kevin Ramnarine In the early 1980’s when the first oil boom had come to an end, the late Prime Minister George Chambers famously remarked “Fete Over Back to Work”. Carnival 2017 is over and we will soon see whether MX Prime is a prophet. With Carnival over the economy and...
Posted On 14 Mar 2017
, By

Imbert misleading the country on Petrotrin

By Kevin Ramnarine The March 6th 2017 statement by the Minister of Finance regarding the accounts of Petrotrin is misleading. It also suggests that the Minister has now arrogated onto himself the role of the external auditor of Petrotrin. The facts are as follows: 1....
Posted On 08 Mar 2017
, By