Manifesto includes oil refinery
There were over a hundred campaign promises made by both the P.U.P. and the U.D.P. And now that Barrow is in for his second term, he intends to fulfill a promise that he says wasn’t on the manifesto. He wants to explore the possibility of a national oil refinery. Barrow also intends to seek write-offs for student loans at the DFC.
“One of the things I want to achieve first achieve I don’t think even found its way into the manifesto. Straight off, I want to try to source some of our fuel imports out of Venezuela so that we might take advantage of the Petro-Caribe Arrangements in order to bring down the price of fuel for the consumers at the pump. Longer term, I am absolutely determined that there will be the construction of an oil refinery in this country. we have to start processing our local crude. When we do that—I don’t want to engage in wishful thinking and this is not smoke and mirrors—that is going to mean a reduction in prices at the pump as well. It is not going to mean that you will start to get your fuel free, it is not going to mean that the reduction will be greater or lesser depending on the price of crude in the international markets; but it will certainly produce a measurable, complete, tangible benefit by way of local prices being lower. We are going to be as well very determined to try to go the route of bio-fuels—everybody tells us can use to produce energy. Those are the kinds of things that we are going to be looking at very, very seriously indeed. So for me those are the immediate big ticket items that we can attack right away with initially some favorable results and over the medium term even better results. We are also; I promised for the new budget which will have to be delayed clearly, I promised that we are going to increase the tuition subsidy for first and second formers. And I promised that we were going to tackle in the new budget the question of funding that will enable government to continue with the write off program. I’ve said that we’ll look at some of the mortgages at the DFC together with some of the student loans of DFC.