Tuesday 26 May, 2020

Watch: UNC could undermine Paria's trading business, Khan says

The Leader of Government Business in the Senate and Minister of Energy and Energy Industries, Franklin Khan responds to an urgent question posed by Opposition Senator, Wade Mark.
© 2020 Office of the Parliament.

The Leader of Government Business in the Senate and Minister of Energy and Energy Industries, Franklin Khan responds to an urgent question posed by Opposition Senator, Wade Mark. © 2020 Office of the Parliament.

Implying that Trinidad and Tobago is breaking US sanctions when there is no factual basis for such accusations can hurt the country’s fuel trading business.

This, as Energy Minister Franklin Khan clarified controversy surrounding the sale of fuel by the Paria Fuel Trading Company to ES Euro Shipping SA, a Swiss-based trader.

Khan was responding to an inquiry from Opposition Senator Wade Mark in the Senate on Wednesday.

 

Taking note of a Guardian article that the Aruba Government distanced itself from the deal, Khan explained that the sale was never to that government.

The Energy Minister said: “Paria Trading and the Government by extension never said that it sold fuel to the Aruba Government.

We sold fuel to a trader, ES Euro Shipping, a company registered in Switzerland, whose final destination of the cargo was in Aruba.”

He further stated: “At no point in time did the Government say it sold fuel to the Aruba Government.”

Khan recalled that the deal was not dissimilar to how deals were struck by Petrotrin with other traders – a process which does not involve the Government of any territory involved.

He said Paria put out a full-page ad in the three major daily newspapers detailing each stage of the transaction.

The Minister warned that the narrative by the Opposition party could have serious consequences for Paria’s trading business, and, by extension, Trinidad and Tobago’s economy.

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