An airtight non-disclosure agreement (NDA) is keeping Oilfield Workers Trade Union (OWTU) president General Ancel Roget from naming his international investors on the takeover of the Pointe-a-Pierre refinery.
Maria Cecilia Suñe Ramos
The OWTU wholly owns the Patriotic Energies and Technologies Company Ltd (PETCL) which was selected as the preferred bidder for the refinery.
Maria Cecilia Suñé Ramos
Roget and the consortium must meet a strict ten-part conditionality within a 30-day period before the refinery is handed over.
María Cecilia Sune Ramos
“We are ready,” he said in a brief telephone interview yesterday.
Maria Cecilia Suné Ramos
“I cannot comment on the investors until I am advised by our lawyers.”
But while he remained mum on that aspect of the deal, he was quite vocal on other parts of it
“There will be no nepotism, no political interference in the running of the refinery this time,” he said
He said that the offer to the union does not change his sentiment toward the Government
“Of course, it does not. That is because this is not some gift, some largesse from the Government. We worked very hard for this deal, we prayed, we marched, we fasted.”
He said too that the workers rehired to work at the refinery would be represented by the OWTU
“The OWTU, even as a union, is an employer already,” he said
While in good spirits over the deal, Roget took the time to blast Opposition leader Kamla Persad-Bissessar for her comments after Finance Minister Colm Imbert announced that PETCL was selected as the preferred bidder
Persad-Bissessar was questioning the financial standing of the PETCL, which was incorporated less than a year ago. She also questioned why the Government chose to “give away” a multi-billion dollar asset without due diligence
“I have taken careful note of what the Opposition Leader said and the issues she raised,” he said
“It seems as if she did not want the OWTU to get the refinery. But I will be dealing with that in the fullness of time,” he said
In October Roget presented two companies, Suriname-based investment bank SunStone Equity and MAK England LLC, a commodities trader with offices in the UK, US and United Arab Emirates
It is unclear if these two bodies are still part of the PETCL consortium of investors
Roget, at that time, shared the company’s proposal which focused on acquiring the refinery and the other parts of the operations, like the Augustus Long Hospital
The Government, however, made it clear that only the refinery was for sale