Very usefull links


News links




Dow Jones

Oil price



Views and News





Guyana nears decision on new fuel supplier following closure of Trinidad's Petrotrin refinery



By Denis Chabrol

Petroleumworld 10 03 2018

The Guyana government is wrapping up its search for a new source of fuel supplies, following the closure of Trinidad and Tobago's state oil refinery, Petrotrin, official said.

Public Infrastructure Minister, David Patterson told Demerara Waves Online News that Petrotrin has agreed to supply Guyana until the end of October, 2018 by which time government must find another source for gasoline, diesel, kerosene, aviation gas and cooking gas.

He said one of the options being explored is sourcing fuels from Jamaica where there is a bulk storage facility, instead of going further afield which would result in increased freight charges and longer turnaround times.

With the state-owned Guyana Oil Company being a price stabilizer in the domestic market, another decision-maker in the fuel importation process said it was important that government finds a supplier with good terms to minimise fuel price volatility.

Privately-owned fuel importing companies such as RUBIS and SOL, the official said, could buy large quantities of fuel in much bigger tankers that could distribute supplies to several countries. Most likely, those companies would be sourcing their supplies on the spot market at the best available prices on any given day.

Guyana, Grenada and a number of other Caribbean Community (Caricom) member-nations have already decided to abolish the Common External Tariff  to reduce the cost of fuels at the pumps because they have to be purchased from outside the Single Market.


Story by Denis Chabrol from Demerarawaves 10 03 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter









Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.