Sunday 29 November, 2020

Gov't identifies issues uncovered by Petrotrin report

Energy and Energy Industries Minister Franklin Khan has identified major areas of concern with state-owned Petrotrin.

Minister Khan, in a meeting with a team of Oil Field Workers Trade Union (OWTU) representatives on Wednesday, said these include; improving Operational Efficiencies, Unpaid Liabilities to the State, Liquidity and Asset Integrity, the company’s cost structure and competitiveness, and the lack of working capital.

Minister Khan led the discussion with the team led by OWTU President General Ancel Roget to discuss matters pertaining to the recently completed report into the areas of Petrotrin’s improvement.

Khan indicated that the Government has to ensure that all of the state’s resources are put to best use.

“Collectively we have to chart a way forward and the Government will work together with the OWTU” to get the best out of Petrotrin," he said.

In closing Minister Khan thanked President General Roget for his “open and frank contributions”.

Efforts to contact the OWTU President General for comment proved futile.

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