Home' Trinidad and Tobago Guardian : April 18th 2015 Contents A12
Guardian www.guardian.co.tt Saturday, April 18, 2015
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PROPERTIES FOR SALE BY MORTGAGEE
Address of Properties
Lot Nos. A1 & A2 Saut D'eau Road, Maraval. Offices and warehouse on
560.4 sq m and 663.7 sq m land
Lot 28 Montrose Main Road, Chaguanas. Flat concrete residential / commercial
5,288 sq ft land
No. 9 Palm Avenue, Paxvale, Santa Cruz
3 Bedroom single storey residence with electric gate on 8,395 sq.ft. Freehold Land
Lot #26 Alana Park, North Trace, Off Robert Village, Tableland.
2 level split concrete house on approximately 5000 sq ft land
10 Second Street West, Dinsley Avenue, Trincity. Residential property on
3410 sq ft land
Lp #51 Hassarath Road, Extension, OPP LP #53 Endeavour, Chaguanas. 2 Storey
Residential Bldg on 10,047 sq ft land
#64 Third Street, Barataria. Two storey residential / commercial property
on 5,768 sq ft land
#58 Lamont Street, Longdenville, Chaguanas. Split level residence on
10,605 sq ft land
Lot #16 Malabar Village, (assessed as #13 Vignale Street), Arima.
5,690 sq ft land only
#25 St. Peters Gardens, School Street, Carenage. Single storey flat house,
3 bedrooms / 2 bathrooms on 6,191 sq ft land
Off Alenore Gardens, Phase II, off Calvary Hill, Arima. 1 acre, 9 perches
freehold land only
Lot #115 Yorke Street & Lot #117 Yearwood Street, Five Rivers, Arouca.
Comprising 3,961 sq ft & 3,226 sq ft freehold land only
#31 Rose Avenue, Off Gladioli Boulevard, Macoya Gardens, Tunapuna.
Flat residential house converted into two apartments with separate entrances on
3,155 sq ft freehold land
Kindly forward sealed offers in writing to:
THE CREDIT MANAGER
P.O BOX 1153, PORT OF SPAIN
"RE: OFFERS FOR SALE"
For further information kindly call 671-4747 followed by the above extension.
The Mortgagee does not bind itself to accept the highest or any offer.
Unsuitable offers would not be acknowledged.
Prisons officers go through a tactical display during their passing out parade at Golden Grove Prison in
Arouca on Wednesday. PHOTO: ABRAHAM DIAZ
Energy Minister Kevin Ramnarine
said, in his view, the planned merger
of Royal Dutch Shell and the BG
Group would be a good thing for T&T.
Shell, he said, had deeper pockets
than most companies in oil and gas.
Ramnarine said the merger, the story
of which broke in the international
media last week, would take about a
year to finalise.
Shell had contacted him to inform
him of a letter for Prime Minister
Kamla Persad-Bissessar about the
matter, which she had received. The
Prime Minister would be meeting
with Shell, he added.
ENERGY MINISTER'S VIEW ON MERGER
Misinformation and inaccura-
This was how Minister of Ener-
gy and Energy Affairs, Kevin Ram-
narine, summed up Opposition
Leader Dr Keith Rowley s speech
to the Energy Chamber on
"Misinformation and inaccu-
racies were delivered to the coun-
try s most prominent energy busi-
ness association, the Energy
Chamber," Ramnarine told the
media at Thursday s post-Cabinet
Ramnarine came to the confer-
ence armed with a list of what he
said were eight corrections to
statements Rowley made about
the government s energy policies
and projects. The Opposition
Leader arrived at his conclusions
without basis, Ramnarine said,
and shared little or nothing about
the oil industry and upstream
Rowley focused on natural gas,
but without the upstream sector
there would be no Point Lisas
Industrial Estate or Atlantic LNG
plant, the minister said.
Stating that the upstream sector
stagnated for years under the for-
mer PNM administration, Ram-
narine listed his corrections.
He said Rowley told the cham-
ber the US$2 billion AUM 11 com-
plex that Methanol Holdings
(Trinidad) Ltd (MHTL) was plan-
ning to construct at Point Lisas
had not been realised.
Ramnarine said the project was
discontinued under the People s
Partnership but he attributed this
to mismanagement under the
PNM. He said the discontinuance
of the project was mainly the
result of a conflict between
MHTL s two contracting compa-
nies, Clico and CEL, a consortium
of German companies.
This issue, which went on from
2011 to 2014, had its genesis in
the mismanagement and mishan-
dling of the Clico matter under
the PNM, he said.
Ramnarine also corrected Row-
ley s statement on the halting of
the aluminium smelter project
which was initiated under the
The minister said in 2009 the
High Court shot down the Cer-
tificate of Environmental Clearance
which was granted for the start
of the project by the Environmen-
tal Management Authority. In
2010, when the Government came into
power, it discontinued the project
because of the concerns raised by cit-
izens and environmental activists.
Rowley told the Energy Chamber
that the Essar Steel project was also
cancelled. Ramnarine said that was
not true. He said when the Govern-
ment came into power, Essar Steel had
already withdrawn significant interest
in the project. Continuing his correc-
tions, he tackled Rowley s claim that
LNG exports to the US in 2009 were
very good, whereas today they were
below 20 per cent and dropping.
Ramnarine said there was an error
in the units used to measure natural
gas in that period. Further, Rowley
neglected to mention to the chamber
that the majority of the country s nat-
ural gas was no longer exported to the
US but to new markets, including
South America. Rowley, who indicated
there would be staff shakeups in the
public sector if he were to become
prime minister, said his government
would put the best people to head state
companies, while the Ministry of Ener-
gy and Energy Affairs would be staffed
with experienced and qualified pro-
Ramnarine said the Opposition
Leader s comments suggested the cur-
rent staff at the Energy Ministry was
not experienced, qualified or profes-
sional. "This is an extremely unfor-
tunate position to arrive at," the min-
ister said, given that over the last five
years, under the present ministry staff,
the Government had secured 21 new
production-sharing contracts worth
"This was an unprecedented
achievement," he said.
The same ministry also collaborated
with the Ministry of Finance and
presided over the reformation of the
fiscal regime of the energy sector, he
said. "This led to a surge in investments
from 2011 to the present time."
Rowley also lamented the loss of the
jewel of the Point Lisas Industrial
However, Ramnarine recalled that a
Memorandum of Understanding was
signed between former Clico boss,
Lawrence Duprey, and former PNM
finance minister Karen Nunez-Tesheira
to sell Clico s shares in MHTL as far
back as 2009. Disputing Rowley s
claims, Ramnarine insisted, "The ener-
gy sector continues to be strong and
robust and attract investments and be
a major contributor to GDP."
Minister disputes Rowley's energy sector claims
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