Wednesday 25 November, 2020

Minister and OWTU to meet over Petrotrin's future

A meeting is set to take place between Energy and Energy Industries Minister Franklin Khan and Oilfield Workers Trade Union (OWTU) representatives on Wednesday to discuss matters pertaining to state-owned company Petrotrin.

The Government recently commissioned an in-depth report to identify areas of improvement in Petrotrin, which has struggled financially as oil prices have dropped in recent years. The report offered several recommendations to improve efficiency and production capacity at the company.

Government and OWTU officials will discuss the report and its short-term and long-term future.

“We intend to work with all those who want to be part of the solution. We look forward to productive discussions with OWTU and the stakeholders towards this end. As a Government, we plan to deal frontally with the challenges that face Petrotrin working with all stakeholders, Petrotrin will take decisive action to control costs, generate working capital for investment and make the company profitable once again. I look forward to meaningful and open discussion with President General Ancel Roget and the team from the OWTU."

Minister Khan will be accompanied to the discussion by Permanent Secretary in the Energy and Energy Industries Selwyn Lashley; Special Adviser Leroy Meyers; Chairman of the Natural Gas Task Force Wendell Mottley and other senior officials.

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