PNP gives Trafigura $2.8b oil contracts !

This company was supposed to have been “blacklisted” for corruption but here we find the PNP government is once again in bed with a company that is known for corrupt activities.

http://jamaica-gleaner.com/article/business/20151202/trafigura-returns-latest-oil-contracts-valued-upwards-28b#.Vl8c_GioPfs.twitter

Clearly this party supports corruption

Advertisements

9 Responses

  1. You should change your headline to JLP and PNP, since both administrations engaged Trafigura Beheer Limited for spot orders totalling $2.8b from 2007 to 2015.

    The PCJ chairman said there were three “Trafigura contracts in 2007, two in 2008, two in 2012, one in 2013, 11 in 2014 and one up to June 2015″.

    • How many in 2014?
      Who was in power from 2012 to 2014 ?
      How many in 2008?

      Its better you did not post these numbers to support your point since it actually proved my point. 88% contracts issues under PNP.

      I guess that is the minority right, according to Comrade logic ?

      • This company was supposed to have been “blacklisted” for corruption, but here we find the PNP government is once again in bed with a company that is known for corrupt activities.

        So, a company that was “supposed to have been “blacklisted” for corruption” was still engaged by the same party that supposedly “blacklisted” them in the first place? The point being, that it wasn’t just the PNP that was in bed with the corrupt Trafigura, but the JLP. The same JLP that won the 2007 election primarily on the back of the Trafigura scandal (and illegally obtained bank records). How ironic.

        I fail to see how you arrive at the 88% figure. Are you using the JLP math again Jay? 😀

        • Comardes can do maths, why am I not surprised. Just look at how many contracts were issued in total, next look how many were issued by the JLP vs the PNP. Divide the number issued by the PNP by the total issued over the period you mentioned and that should give you that figure.

          This is why I support the JLP on free education for all. 🙂

  2. Jay , you perhaps need to follow your instructions and redo that maths. Don’t give JLP a bad name. lol. I am just saying!

    • 80% my bad !

      • Heh heh heh…There were a total of 20 spot orders from 2007 to 6/2016 (3+2+2+1+11+1 = 20). If you assume that only 2 occurred under the JLP Administration in 2008, then 18 (20 -2) would be attributable to the PNP. Therefore, 18/20 or 90% (not 80%) were issued under the PNP. If you were to assume that the 3 in 2007 were under the JLP leadership, then it would be 15 issued under the PNP from 2012 – 6/2015 (20-5), with the resulting percentages being 75% (15/20). The latter number is what I was alluding to when I initially questioned your JLP math skills.

        Either way, you confirmed, rather emphatically, why free education might not be the way to go, despite the fact that you did derive some benefits from the Michael Manley/PNP “Free Education system”. If it was still in existence, I would have encouraged you to take advantage of the JAMAL system to brush up on your basic math skills, but I think the labourites got rid of that eons ago. 😀

        The PCJ chairman said there were three “Trafigura contracts in 2007, two in 2008, two in 2012, one in 2013, 11 in 2014 and one up to June 2015″.

        Netherlands-based Trafigura Beheer Limited won six spot order agreements to supply billions of dollars in fuel to Petrojam for the first half of 2015 or twice the number in 2014,

        The two statements seem to contradict each other. The PCJ Chairman is quoted as saying that only 1 spot order was issued for the first six months (11 in 2014), while the latter is saying there were 6 spot order issued for a total of $2.8 billion up to June of 2015 (3 in 2014). Jay, could you reconcile these two contradictioary numbers for us (using your impeccable sources)?

        • I was waiting on you to return and run the maths to confirm my heading of PNP being in bed once again with Trafigura. Your maths skills prove my point between 75-90% of all contracts were issued under the PNP. The few under the JLP may have been as a resulted of the previous agreement with the PNP which had to be honoured.

          You have therefore proven me to be correct in my assessment , Checkmate !
          Trying to prove me wrong actually ended up supporting my cause, great job with the maths there Wayne.

        • Bwoy Jay, you are good. You have this talent for spinning a bad situation to your advantage. You initially arrive at the 88% by using 17 as your base number in the calculation, completely ignoring the 3 spot orders in 2007 (15/17 = 88.23%), when I challenge you on your math skills, you, without checking your calculation, elected to ridicule the Comrade. In an attempt to adjust (being called out by another blogger), you made another calculation which turns out be just as faulty.

          Now you would like us to believe that your calculations were correct from the outset, when in reality my point was simply that both parties engaged Trafigura Beheer Limited, although you assume that it may have been as a resulted of the previous agreement with the PNP which had to be honoured by JLP.

          BTW, is there anything written in our “election laws” which forbid entities engaged in business with the GOJ from donating to that party that form the government at the time? Are you saying that the price of oil purchase through Trafigura wasn’t the least cost option available? What made the donation illegal or even unethical? Even in the USA, who have very strong election laws, such donations are perfectly legal. companies (and even individuals) have hidden agendas when they part with their hard earn money. Are we to assume that local companies or individuals that do business with GOJ, do not donate to the party in power? What makes Trafigura so unique in this situation?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: