$billion
upgrade for Petrotrin
By Louis B Homer
Trinidad Express, South Bureau
Port
Spain
Petroleumworldtt.com
01 07 07
State-owned oil company Petrotrin has moved a step
further in its multi-billion-dollar project to transform
its Pointe-a-Pierre refinery.
It
signed a US$180 million contract on the weekend
with South Korean based Samsung Engineering of Seoul
to build one of four refinery plants for the project.
Construction
of the new plant which will churn out 28,000 barrels
of finished oil products a day is expected to begin
early next year and is scheduled to be completed
by the end of 2008.
The
new plant will be constructed close to the isomerisation
plant, which upgrades gasoline, and on which work
started in August is due for completion next year,
it was learned.
Last
Friday, officials of Petrotrin headed by its executive
chairman Malcolm Jones and a team of senior employees
of Samsung signed the new construction contract
at Petrotrin's Beaumont Hill office at Pointe-a-Pierre.
Design
of the new plant is being done in South Korea.
Petrotrin
already has received permission from the Environmental
Management Authority to construct the plant, said
a senior company official.
Wayne
Bertrand, President Operations, at Petrotrin said
yesterday: "The new contract signed between
Petrotrin and Samsung is part of our upgrade programme
at Pointe-a-Pierre. Four new plants are to be built,
including the isomerisation, and this new one is
a small part of the company's proposed upgrade."
Petrotrin
was forced to embark on an upgrade of its plants
at Pointe a Pierre to meet the demand of the changing
standards in the oil industry, the company said
earlier this year.
Trinidad
Express
Tuesday, December 19th 2006
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©2006 Trinidad Express. All Rights Reserved.
