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Government has defended the increased purchase of fuel from Trinidad and Tobago saying that it was to ensure that there are no shortages on the local market.Minister of State, Joseph HarmonDuring the Government’s weekly post-Cabinet press briefing last Friday, at the Ministry of the Presidency,Wholesale Jerseys Cheap, Minister of State,Wholesale Cheap Jerseys, Joseph Harmon, explained that it is the responsibility of the administration to keep things rolling.Kaieteur News had reported on the increased shipments with indications that no oil came from Venezuela since July when a vessel was delayed.“It is the Government’s commitment to ensure that there is a reliable and regular supply of fuel, to drive industry in this country, and we as a government will do what is necessary in the public interest,Cheap NFL Jerseys China, to ensure that the wheels of industry continue to turn,” Harmon said in response to questions.According to Harmon, Cabinet was briefed on this matter by the Minister of Public Infrastructure, David Patterson.Guyana has been purchasing fuel from Venezuela under the PetroCaribe arrangement, but there have been occasions when shipments arrived late.“A few weeks ago, the vessels that had gone to Venezuela to collect fuel, were not provided with the fuel on time, and this type of on and off arrangement…we have to ensure that we have an alternative arrangement put in place, to ensure that this will not lead to a shortage of fuel in Guyana,” Harmon said.According to the minister, fuel was already purchased from Trinidad and Tobago. “We have both arrangements in place…a standby arrangement…which we will utilize from Trinidad and Tobago, and the PetroCaribe arrangement (Venezuela), which is in place by contract,” he explained.Questioned on the feasibility of the new arrangement, Harmon said, “We do not see or feel that this arrangement will put in jeopardy any of the users of petrol/fuel in the country. In fact, it is feasible, the terms are very favourable for us and I believe that we have a commitment from that country for the supply of petrol. The financial arrangement is no less favourable than that which we receive under the PetroCaribe agreement.”Trinidad and Tobago is aware of Guyana’s arrangement with Venezuela through PetroCaribe agreement. In the event there is a shortfall or a problem with that agreement,Wholesale NFL Jerseys China, the Trinidad facility will be there to cushion the effect.Government says that its increased acquisition of oil fromTrinidad and Tobago is to ensure a stable supply to the country.The increase from Trinidad and Tobago would come amidst a claim by Venezuela on Guyana’s waters and lands, following the discovery of oil offshore Georgetown by US-owned ExxonMobil earlier this year.Former Prime Minister of the Twin-Island Republic,Cheap NFL Jerseys China, Kamla Persad-Bissessar,Cheap Jerseys From China, had offered Guyana to help meet its energy needs.Guyana has been depending largely on Venezuela and to a lesser extent, Trinidad and Tobago, to meet its oil needs.That deal, which allowed Guyana to delay payments for up to 20 years, saw the country shipping rice in exchange. The rice deal is set to expire in November. Venezuela is unlikely to renew it.The Guyana Oil Company was taking the majority of an estimated 1.3 billion barrels of oil annually, from Venezuela.The shipments had been coming from Venezuela fortnightly, depending on the stocks held by GuyOil.In 2013, GuyOil’s acquisition of oil was a significant $44B.Oil imports account for the biggest chunk of Guyana’s foreign exchange spending.