Paria Fuel Trading Company Limited (Paria) strongly condemns the misleading statements made by Mr. Anthony Paul during a TV6 interview broadcast last evening (February 5, 2025). In the news report, Mr. Paul admitted, “the last numbers I have…”. His assertions contained inaccuracies and misrepresentations regarding the operations and contractual arrangements of both Paria and Petrojam.
The General Manager of Petrojam, Mr. Telroy Morgan confirms that “Petrojam’s plan for 2025 is to maintain nominal production capacity of 28,000 to 30,0000 barrels per day with approximately 50% of our crude throughput converted into Fuel Oil” He also emphasized that “Petrojam does not typically import fuel oil and have not imported fuel oil since May 2024.”
Paria unequivocally affirms that no third party is involved in the contractual arrangement between Paria and Petrojam. As detailed in our recent release dated February 2nd, 2025, Paria sources marine fuel exclusively and directly from Petrojam. This fuel is subsequently bunkered and sold by Paria to international customers.
We take this opportunity to reiterate the importance of this agreement with Petrojam i.e. it not only secures a market for its fuel oil but also presents Paria with the opportunity to supply clean fuel to the Jamaican market.
Paria remains committed to exploring opportunities that ensure continued profitability for the company, while contributing to the broader economic interests of Trinidad and Tobago and the Caribbean region.