Friday 10 April, 2020

It's a deal! Unipet and Paria strike agreement to alleviate gas woes

Photo of San Juan Gas Station courtesy UNIPET website.

Photo of San Juan Gas Station courtesy UNIPET website.

Paria Fuel Trading Company Limited (Paria) and UNIPET have signed a settlement agreement that would allow Paria to immediately resume the supply of fuel to UNIPET.

Representatives of the two companies met on Monday and UNIPET agreed to pay all outstanding debts and to withdraw its High Court action.

Both parties will continue to work together to ensure a new Supply Agreement is in place from January 01, 2020.

Related Article

Supply of fuel to UNIPET resumed at 5 pm this Monday.

On December 3, 2019, Paria Fuel Trading announced the immediate stoppage of gas being supplied to UNIPET due to non-payment of fees. 

Finance Minister Colm Imbert had also announced that the company is owed over $100 million.

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