Guyana’s oil needs minimum refining – Trotman

Guyana’s oil needs minimum refining – Trotman

Raphael Trotman

By Abena Rockcliffe-Campbell

Minister of Natural Resources Raphael Trotman has indicated that Guyana’s oil is of top quality. He even boasted that the crude needs minimum refining. This, the Minister pointed out at a recent press conference in response to a question posed by Kaieteur News.    

Trotman told the media, “We made a find of petroleum oil; liquid oil and I should have walked with a vial of it so you could smell it.  It is such good crude, sweet oil they call it, that it doesn’t take much refining. I will walk with a vial so you can actually smell. It can be poured into a vehicle with minimum refining.”

Trotman said that word about the quantity and quality of oil found in Guyana has already begun to spread.  He said that Guyana is being deemed on the international stage as number one in the world with good prospects for oil and gas.

The Minister indicated that some of the senior executives of Siemens, which is one of the largest companies in the world, will be flying into Guyana in another two weeks to meet with government representatives.

Trotman noted that Halliburton, another major company, is also looking to put a foot in Guyana.

He said also, “Shell was with Exxon on the Stabroek block and pulled out. They now maybe rue the day that they ever did that. Now, Shell has signaled that it wants to come back to Guyana.”

Trotman said that those companies are only expressing interest because ExxonMobil has de-risked the basin. “Zero from Zero is nothing…If you have oil and no one is troubling it, then it is worth zero. The oil may be worth a lot, but only if it is produced. We are moving to production, but it took ExxonMobil to find what others have been looking for.”

Trotman continued, “We are going to be inheriting more money than we can ever imagine and can begin to spend, and it is how we are going to manage this money that will determine the future of this country. The question should not always be why we did not get more. There is a sense that we need more, more, more. With an economy where it is now and the  population where it is now with less than a million people, each one of us is going to be wealthy in US dollars in a few years’ time.”

Trotman also noted that Guyana no longer qualifies for certain borrowing facilities “because we are about to be extremely wealthy, where we can turn around and lend people.”

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Comments

  • Tata  On January 21, 2018 at 11:21 pm

    Halliburton? Did I hear Halliburton? Dick Cheney Halliburton?
    The world saw what George Bush and Dick Cheney did to iraq’s OIL .
    Bush facilitated Cheney’s company (Halliburton) who misrepresented themselves as “security forces”- only to enrich themselves of Iraq’s oil wealth.

    On the other hand, Hasn’t the Guyana Government heard of the brutality and racist misbehavior by the Halliburton contractors against the Iraqi people.
    Come on Guyana, Halliburton is Your OIL nightmare. They will be your HELL on earth.
    We see what the Chinese did with the construction of the Marriott.
    We need contracts that are fair and foreign companies who will respect our country and its people.

    • Persad  On January 30, 2018 at 10:24 pm

      You have a point noted. If the Guyana government, regardless of who is in power at the time, refuses to abide with Exxon and Halliburton, then that means dire consequences from those American companies whether it be those companies indirectly or directly involved in funding mercenaries, or the American Government spreading propaganda against a country in order to start a war.

      It is well noted in Trinidad & Tobago, that at the same time Venezuela was against Exxon drilling near their borders, Venezuela currency started to collapse.

      Several Trini scholars, secular and religious, have warned Trinis not to criticize America, because America will impose sanctions, warnings, warfare and other destructive and malicious acts in order to maintain their hegemony on the entire planet.

      By the way, Exxon is owned by Rockefeller, one of the wealthiest billionaires in the entire planet. Also plans are being made to construct a Freemason lodge in Georgetown Guyana for European and American Freemasons.

  • Charles Ian C. Wishart  On January 30, 2018 at 7:10 am

    What is meant by “minimum refining”? Crude oil is not sugar. The products derived from crude oil range from propane at the light end to tars at the heavy end. Refiners will balance the range of products to suit their perceived market. For example if more gasoline is required than can be derived from the initial distillation, then heavier streams are “cracked” to produce the desired product. Of course there are advantages to the refiner if the crude is “sweet”, i.e. low in sulphur, and also if it is light, but “minimum refining” is not an accurate description.

    C. Ian C. Wishart, CEng, FIMechE
    (Retired oil refinery engineer.)

    • Persad  On January 30, 2018 at 10:11 pm

      Trotman is acting like a comical buffoon. First of all, he supports the Death Penalty because the racist Alt-Right were using Death Squads against refugees without due process.

      Nextly, he goes onto say that Guyana will become so wealthy with this oil, that Guyana will be “giving loans to other countries”, WHILE THE TOP SECONDARY SCHOOLS IN GUYANA like Queen’s College do not have functioning toilets, and the cleaning and janitorial staff, most of whom are of Afro descent, are paid literally pennies for what would be considered secure government sector careers.
      Trotman has to be crazy to put crude oil into a vehicle because that will damage the car engine.

      These press releases are causing a laughingstock among some of the Trinis who have experience with Oil & Gas for decades. Trinis also complain that they weren’t paid their fair share for oil and natural gas revenues even when nationalization took into process, but Trotman has to be comical to say that sweet crude from the oil basins in the ocean are suitable for vehicles with minimal or no refining. I don’t know if to laugh or feel sorry for Guyanese.

    • Persad  On January 30, 2018 at 10:15 pm

      Trotman is acting like a comical buffoon. First of all, he supports the Death Penalty because the racist Alt-Right were using Death Squads against refugees without due process.

      Nextly, he goes onto say that Guyana will become so wealthy with this oil, that Guyana will be “giving loans to other countries”, WHILE THE TOP SECONDARY SCHOOLS IN GUYANA like Queen’s College do not have functioning toilets, and the cleaning and janitorial staff, most of whom are of Afro descent, are paid literally pennies for what would be considered secure government sector careers.
      Trotman has to be crazy to put crude oil into a vehicle because that will damage the car engine.

      These press releases are causing a laughingstock among some of the Trinis who have experience with Oil & Gas for decades.

      Trinis also complain that they weren’t paid their fair share for oil and natural gas revenues even when nationalization took into process, but Trotman has to be comical to say that sweet crude from the oil basins in the ocean are suitable for vehicles with minimal or no refining. I don’t know if to laugh or feel sorry for Guyanese.

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