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Guyana still exploring oil refining options

Minister of State, Joseph Harmon and Minister of Natural Resources, Raphael Trotman briefing the media on December, 29, 2017.

Guyana is still mulling where to refine its portion of oil to be extracted from a Liza well offshore, Minister of Natural Resources Raphael Trotman said.

He said a Cabinet sub-committee was yet to decide on whether to take up an offer by Trinidad and Tobago to refine Guyana’s oil at the state-owned refinery, Petrotrin, or if Guyana will send its portion of oil to ExxonMobil to refine.

Trotman said Guyana’s portion is estimated to be 14,000 barrels of crude per day.

Another option, he said, is for the establishment of a modular refinery in Guyana that would see the creation of jobs.

Trotman hinted that there are regional political considerations for refining oil in Trinidad. They include selling oil to the Caribbean on concessionary terms similar to PetroCaribe.

One of the challenges, the Natural Minister said, is the fact that Petrotrin is configured to process heavy oil.

Guyana’s oil quality is light sweet crude.

ExxonMobil intends to begin commercial oil production in early 2020.

  • Kassem_B

    ‘Guyana is still mulling where to refine its portion of oil to be extracted from a Liza well offshore, Minister of Natural Resources Raphael Trotman said.’
    Interesting but also conflicting with the announcement about Gas line Contract and location by Minister Patterson.
    We should have a co-ordinating plan of review and action, and obviously keeping those interested stakeholders in the loop.
    It should be remembered that it is the peoples resources and I have not seen anywhere the consideration of the peoples Oil & Gas Refining and Marketing Company

  • rs dasai

    No brainer, Trinidad it is.

    • BazzQ

      Let`s bear in mind what the Trinis think of us and how they have treated us over the years. The minute we found oil we found a new best friend. They all want to come to Guyana.

    • melkend

      What is the cost to convert to light sweet and who would cover that cost ?

  • rudeo

    The more these silly jokers open their mouths…the more I am convinced they are suffering from biological reverse….intestines turned the wrong way ….UP

  • Col123

    Good thoughts there power guy…now, can you give an opinion as to whether Venezuela is more important to Exxon’s interest than Guyana.