STATE ENTERPRISES’ INVESTMENT PROGRAMME 2014
22
SUSTAINING GROWTH, SECURING PROSPERITY
Trinidad & Tobago National Petroleum Marketing
Company Limited (NP) is a diversified company
involved in the marketing of petroleum fuels,
lubricating oils and greases, liquefied petroleum
gas (LPG), compressed natural gas (CNG) and
the blending of imported oils (base oils) into
lubricants. The Company also provides facilities
for marine and aviation bunkering.
During fiscal 2013, NPmaintained its overall asset
modernisation and upgrade programme and
embarked on projects geared towards greater
efficiency in operations and fuel distributions.
Major projects which were
not completed
in
fiscal 13 as a result of the magnitude and/or
delays in the planned roll-out of these projects
will be continued into fiscal 2014.
•
Upgrade of Dealer Sites (full upgrade)
– This project involves the full upgrade of
twenty-three (23) dealer owned stations.
The service stations allocated for full upgrade
are O’Meara Road, Charlotte Street, Starlight
Diego
Martin,
Manzanilla,
Charlieville,
Valsayn, Dindial (California), Wrightson Road,
Cross Crossing, Tumpuna Road, Orange
Grove, Frederick Settlement, Pointe-A-Pierre
Roundabout, Mucurapo Road, Endeavour
Park, St. Joseph, Grand Bazaar, Tobago
Warner, El Socorro South, Munroe Road and
Couva. These service stations are expected
to be completed by 2014. The estimated
cost of the full upgrade is $288.9 million with
projected costs of $37.4 million for April to
September 2013 and $223.7 million for fiscal
2014.
The Siparia and D’Abadie Service Stations
were completed in fiscal 2013. The Orange
Grove and Tumpuna Road Service Stations
are New to Industry (NTI) Service Stations.
This is part of NP’s thrust to improve the
service station upgrade network in Trinidad
and Tobago and ensure an efficient and
reliable distribution of fuel.
•
Eight (8) Compressed Natural Gas (CNG)
dispensers
– This project replaces obsolete
pump and dispensers in the Service Stations
Networks. The estimated cost is $2.0 million
and is projected to be completed by the end
of fiscal 2013. This is part of NP’s thrust to
upgrade and modernize the existing CNG
network throughout Trinidad and Tobago.
•
Construction of Two (2) New CNG Service
Stations
–NPwill beconstructing two (2) new
CNG service stations at the compound of The
Vehicle Management Company of Trinidad
and Tobago Limited (VMCOTT), Beetham
Highway and at the PTSC Main Terminal in
Port-of-Spain. The facility at VMCOTT is a
joint venture between NP and VMCOTT with
NP contributing $3.0 million to this project.
The CNG service station at the PTSCTerminal
will be fully funded by NP at an estimated cost
of $30.0 million. Projected cost from April
to September 2013 for both projects is $6.6
million. The projection for fiscal 2014 is $26.4
million.
•
Construction of a Fuel Tank at LABIDCO
and 9000 bbl Gas oil tank in Tobago
–
This project involves the construction and
installationofanewfuel storagetankatLaBrea
Industrial Development Co. Ltd (LABIDCO) at
an estimated cost of $4.0 million. The facility
at La Brea will store diesel as well as service
the needs to the Exploration and Production
Sector. Projected expenditure to September
TRINIDAD AND TOBAGO NATIONAL PETROLEUM
MARKETING COMPANY LIMITED (NP)
ECONOMIC INFRASTRUCTURE
