Espinet disputes newspaper story

Trinidad Petroleum Holdings (TPH) chairman Wilfred Espinet has expressed concern about an article in a daily newspaper onfuel payments, saying the story “misrepresented” his conversation with the reporter.

The article reported that Espinet is “insisting” that government pay the fuel subsidy to Paria Fuel Trading on time and that NP also pays for fuel supplies in a timely fashion.

Paria Fuel Trading company was formed after the closure of Petrotrin and is responsible for the “reliable importation and trading of petroleum products.”

In a brief statement yesterday, Espinet said, “I am concerned about the potential negative effect that a story published on page 3 in today’s edition of the Trinidad Guardian could have on relationships and the objectives at the state owned oil companies.

“The story misrepresented my conversation with the reporter.”

He said TPH will “continue to work closely with all our stakeholders to ensure sustainability of the newly formed companies.”

TPH is one of several companies formed after the dissolution of Petrotrin.