Home' Trinidad and Tobago Guardian : October 3rd 2015 Contents A15
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BEIJING---Shanghai prosecutors say
they are charging people connected to a
US meat supplier's Chinese subsidiary
with producing and selling fake and
Shanghai Husi Food Co, which is a unit
of OSI Group of Aurora, Illinois, has been
under investigation since a Shanghai TV
station reported last year that it
repackaged and sold old meat. The scandal
alarmed Chinese diners and disrupted
operations for fast food brands.
The Shanghai prosecutor's office said in
a statement that prosecutors from
Shanghai's Jiading district brought the
cases against ten defendants, including
some connected to Husi's facilities in
Shanghai and Hebei province.
OSI said in a statement that it would
address the charges "according to legal
"We have confidence in China's legal
system and believe that the judicial
authority will come to a fair and
reasonable judgment with full respect to
the facts and laws," OSI said.
Product safety is unusually sensitive in
China following scandals in which infants,
hospital patients and others have been
killed or sickened by phony or adulterated
milk powder, drugs and other goods. (AP)
China charges ten with repackaging, selling old meat
Expect some rearranging of govern-
ment priorities in the oil and gas sector,
Energy Minister Nicole Olivierre said
The minister, who spoke at the official
launch of the Extractive Industries Trans-
parency Institute s (EITI) 2013 Report, said
the tight timeframe between the Septem-
ber 7 general election and the presentation
of the national budget meant there "wasn t
any room for us to make any significant
changes to what is being proposed."
However, she added: "Our priorities
may be different from what the previous
government would have had in place, so
we will look to re-arrange the priorities
into what has already been put into the
budget documents, and we will be review-
ing that in the last quarter of the year."
Olivierre said Government would look
at the Natural Gas Master plan and may
consider making changes to it. The report,
which costs US $1.4 million, was presented
in early September to former Energy Min-
ister Kevin Ramnarine.
"There may be some changes to the
Master Plan and once we complete that
review, then we would be able to say what
policy changes we will be making," she
The minister said there would be public
presentation on the resource to production
ratio in the Ryder Scott Report once the
budget presentation was completed. She
said not many people understood what
the ratio means.
"You have to understand what the
resource to production ratio really means
to a country. It s really a management
index to guide how well you are managing
your rate of production," she said.
According to the 2013 EITI Report, gov-
ernment received $21,186 billion in revenue
from major oil and gas companies.
The biggest contributor to revenue was
Petroleum Profit Tax of $7.19 billion which
is leveled on both oil and gas production.
Supplemental Petroleum Tax was the sec-
ond highest at $3.3 billion.
In terms of individual tax paying com-
panies, bpTT was the single largest con-
tributor to Government revenue, with
payments totaling more than $6.5 billion,
followed by NGC Group which contributed
revenues totaling more than $4.6 billion.
The energy sector s share of GDP stood
at 42.9 per cent, with energy employment
as a percentage of total employment mov-
ing slightly higher to 3.4 per cent. The
sector generated $26,521 million, which
amounted to half of total Government
State-owned energy companies con-
tributions to Government energy-based
revenue are NGC 81 per cent, Petrotrin
18 per cent and NP one per cent.
T&T earns $21,186b from oil and gas
2013 EITI Report:
Energy Minister Nicole Olivierre, right, speaks with president and CEO of the Energy Chamber of T&T Dr
Thackwray "Dax" Driver and acting president of Petrotrin Khalil Hassanali following yesterday's release
of the third EITI report at Tower C, International Waterfront Centre, Port-of-Spain.
PHOTO: MARCUS GONZALES
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