Acting Energy Minister Colm Imbert is intervening in negotiations between Paria Fuel Trading Company and Unipet aiming to broker a speedy agreement between both in their current impasse.
He said Unipet currently owes Paria over $100 million for fuel supplied without any written agreement.
Speaking in the Senate yesterday, Imbert added, “NP has the capacity to supply fuel but I intend to intervene and see if I can get this matter resolved in the shortest possible time and get the parties back together so we can produce a proper agreement between Paria and Unipet going forward without any difficulties.”
Imbert was replying to queries from UNC Senator Wade Mark on the impasse between Paria and Unipet after Paria on Tuesday discontinued supplying Unipet with fuel.
Paria has stated this resulted from Paria’s failure to renegotiate a supply agreement since April and that Unipet defaulted on payments owed from September and October deliveries. Unipet accused Paria to be “pushing the market toward a monopoly situation.”
Petroleum Dealers’ Association president Robin Naraynsingh who said Paria’s move was “unfair and unjust” has called on Imbert and Government to intervene. He warned of threats to jobs resulting from the situation. Yesterday some motorists complained of fuel problems.
Imbert, replying to Mark’s concern about the impact, said, “This is an issue of non-payment for supply. It’s an issue of non-signatory of an agreement which has been in force for several months.