Petroleum Division privatisation in final stages - ministry
Negotiations between the government's privatisation unit and B.B. Energy for the privatisation of Enemalta's Petroleum Division, are in their final stages, the Finance Ministry said this evening.
Earlier today, the GWU protested that despite a report that Enemalta has reached a deal for the privatisation of the petroleum division, it had not been told anything about the development.
According to a newspaper report last week, Enemalta had agreed to sell its petroleum division.
The union said it was dismayed that, despite being the representative of the workers, it was learning of developments from the media. This was in breach of the right to information and consultation in terms of the Employment Relations Act.
The union stressed it would not accept preconditions ahead of any talks and was holding the government and Enemalta responsible for their 'irresponsible actions'.
The union also called on Enemalta to clarify its position.
The ministry said this evening that once the negotiations were concluded, it would communicate further about the matter, including with the GWU.
B.B. Energy, headquartered in Athens and Beirut, is a private oil trading company with offices in major cities worldwide, having strong ties in the Middle East, the Mediterranean and Black Sea Regions.
With associated offices in London, Singapore, Beirut, Athens, Rotterdam, Italy, Dubai and Cuba. B.B. Energy is able to cover the market around the clock.
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Mr Mario Busuttil
Jun 22nd 2011, 07:36
Prosit!!!! ,l -izjed ASSI ta l-Enemalta {Malta} li jirrendu flus kbar mill qlieh tal Fuels ser jinbih.....il kapital darba imma il qliegh dejjem....
Mr Victor vella
Jun 22nd 2011, 07:23
Again the usual arrogance of a prototype regime that does everything behind people`s back and treat employees only as good to be thrown in the bin. This is the democracy that the PN and the EU preached before putting this nation in the hell that is today. Il-veru cucc Malti u kompli hu go fik l-aqwa li il-PN gabilkhom il-euro li ghioliet il-prezzijiet bi 2.78% u s-Schengen-izda zgur mhux id-demokrazzija li illum hadd ma jista` jaghmel strajk ghax jispicca mheded u barra mix-xoghol. Viva ix-xoghol, Jztizzja u Liberta.
Damien Falzon
Jun 21st 2011, 22:25
Issa zgur ha jollew il-prezzijiet tal-fuel! Kumpanija privata tbih il-fuel lil pajjiz kollu u dan suppost gvern li ridt inehhi il-monopolju mis-setturi kollha!
Anthony Angelo Mifsud
Jun 21st 2011, 20:59
With this deal, I have a funny feeling that we are about to have an other arriva, wioth prices sky rocketing.
i was expecting that the govt would privatize the petrolum sector, but to have some two or three companies dealing and wheeling the prices of fuel.Having this B.B. Energy is as having EneMalta same thing. Monopoly in the making dear all. Please mark my words.
Tony
j brincat
Jun 21st 2011, 20:23
I hope this privatisation is not like that of the gas cylinders where we are seeing these increasing from month to month without any protection whatsoever for the consumers.
Forget MRA. The invariably signal the green light to every increase.
(jb)
Philip Hili
Jun 21st 2011, 21:15
@ j brincat
Mr jb I am a consumer. But I cannot agree with your comment because if this product is increasing every month surely it is not the companies who import it are increasing the price of gas.
I hope that you are living in this planet called "WORLD" because only those who are not living on this planet can comment the way you did.
Mr Tony Camilleri
Jun 21st 2011, 23:24
j brincat bet a bottle of beer that that is what is going to happen?
And of all countries the company has to have its HQ in Greece which is bankrupt several times over.
Mr Saviour Scerri
Jun 21st 2011, 20:05
@ Mr.Ph. Hili.................qoute "find petrol stations selling petrol at 1.21 per gallon you might find the next petrol station selling the same petrol at 1.20 or 1.19 per gallon? " I wonder from where you got those prices. If you wonder if officials from Enemalta or Govt. ever been in the U.K. I am sure you never did and never cared to check fuel prices abroad, in you case U.K. I suggest you visit this site .......... http://www.aaireland.ie/AA/Motoring-advice/Petrol-Prices.aspx............( unleaded at 1.53 per LT) to see how much does unleaded petrol cost PER LITRE in the U.K. And furthermore by your own words someone in the U.K. is selling fuel at a higher cost. But you seem to be one of those who invent things just to grumble and have something to write here...................!!!!!!!!!!!!!!!!!!
Mr Saviour Scerri
Jun 21st 2011, 20:04
@ Mr.Ph. Hili.................qoute "find petrol stations selling petrol at 1.21 per gallon you might find the next petrol station selling the same petrol at 1.20 or 1.19 per gallon? " I wonder from where you got those prices. If you wonder if officials from Enemalta or Govt. ever been in the U.K. I am sure you never did and never cared to check fuel prices abroad, in you case U.K. I suggest you visit this site .......... http://www.aaireland.ie/AA/Motoring-advice/Petrol-Prices.aspx............( unleaded at 1.53 per LT) to see how much does unleaded petrol cost PER LITRE in the U.K. And furthermore by your own words someone in the U.K. is selling fuel at a higher cost. But you seem to be one of those who invent things just to grumble and have something to write here...................!!!!!!!!!!!!!!!!!!
Philip Hili
Jun 21st 2011, 21:09
@ Saviour Scerri
Mr Scerri, the price quoted by me was an example just to show that where there is liberalisation prices are cheaper and may vary from one petrol station to another.
Up to three weeks ago, petrol in Kent and in Tooting was £1.32, £1.35, £1.34,£1.31 per lt. and as you travel out of London, I buy it even £1.30 per litre. All prices quoted are for unleaded petrol.
Mr Scerri, I stated facts and not as you said "you seem to be one of those who invent things just to grumble and have something to write here...................!!!!!!!!!!!!!!!!!!" but if you have any interest in this product such as being a petrol station owner, I do not blame you but on the other hand you cannot deny what I have said and what I have experienced. It seems that you are not happy if this product is liberalised and therefore the consumer can benefit from the prices the competition creates.
What happened with the liquid gas cylinders?
D. Xerri
Jun 21st 2011, 18:53
X`TAhWiiiiiiiiiiiiiiiiiiiiD!!
Alfred Farrugia
Jun 21st 2011, 14:28
Are we going to have one monopoly take the place of another? When the Party in government was in opposition several years ago, if I remember correctly, it criticized the Labour government for nationalizing the energy sector. Apparently it has found it very convenient after that because during the past 24 years we still have one source and one nameless “brand” of petroleum!
If in the early 1970’s before the energy crises we could purchase BP, Esso and Shell fuel, why cannot we do the same in 2011? What happened to the liberalization of the energy and fuel sector? Are we Maltese second class EU members?
Philip Hili
Jun 21st 2011, 14:59
Sometimes I wonder whether any official from Enemalta or from the Government ever travelled to the U.K.
Do these gentlemen know that petrol stations in the U.K. compete with themselves and while you find petrol stations selling petrol at 1.21 per gallon you might find the next petrol station selling the same petrol at 1.20 or 1.19 per gallon?
Mr John Caruana
Jun 21st 2011, 16:33
@Hili - do you know that the BP/Esso/ Shell have been caught filling each others' forecourt when anyone of them was caught short of fuel.
As for lower prices there was an interesting article in the sun newspaper regarding fuel prices:
MOTORISTS are being ripped off by up to 6p a litre in a petrol postcode lottery. Supermarkets charge more at the pumps in certain parts of the country, figures reveal.
X was pricing unleaded at 137.9p per litre in Chichester, West Sussex, at the weekend - but only 131.9p in Leicester.
Y was charging 136.9p per litre in Bedford - but it was 4p cheaper in Huddersfield, West Yorks.
Read more: http://www.thesun.co.uk/sol/homepage/news/money/3649097/Motorists-are-being-ripped-off-by-up-to-6p-a-litre-in-a-country-wide-petrol-postcode-lottery.html#ixzz1PvARs9OM
Philip Hili
Jun 21st 2011, 19:59
@ Mr John Caruana
You either missed my point or you want to defend the monopoly.
I am not going into the merit whether supermarkets or petrol stations are ripping motorists the amount of money you mentioned. That is debatable and if it is so, these supermarkets should be condemned. Although I find it very strange the report on "The Sun" which you quoted.
My line of argument was that where there is competition the prices vary. I am talking in London where every few meters there is a petrol station and the price of petrol in every petrol station is different. I have first hand information because a few weeks ago I was at my daughter's residence and we used her car for travelling.
While I thank you for your information, I do hope that this product is liberalised as soon as possible. The price of the gas cylinders is an eye opener to whom who wants to liberalise this product.