Monday 24 February, 2020

OWTU praises "forthright" meeting with Govt

The Patriotic Energies and Technologies Company Ltd owned by the Oilfields Workers’ Trade Union (OWTU) said it had a "forthright and productive" meeting with the Cabinet-appointed evaluation committee and Cabinet sub-committee on Wednesday.

A statement issued by Patriotic on Friday noted that matters agreed to included:

- Patriotic will be the exclusive and sole entity working towards the acquisition of Guaracara and Paria, with a view to restarting the refinery in the shortest possible time;

- Patriotic’s inspection of the refinery will go ahead. No timeframe was established for this inspection but both Patriotic and the Government agrees that this essential step must be executed as soon as possible. This inspection is needed due to verify the value and the current state of the various connected assets and what is needed to restart the refinery;

- The lack of security around the refinery has been a grave concern to Patriotic;

- Working teams from both sides will be established to work on the various documents necessary for the finalising the acquisition of the refinery.

"The OWTU views the meeting as an important step toward consummation of the acquisition of the Pointe a Pierre refinery. Our company, Patriotic, will restart the refinery and raise it to best-in-class in Latin America and the Caribbean. Patriotic will create jobs and revive economic activity in South Trinidad. OWTU reconfirms its commitment to operating the refinery in the best interest of the people of Trinidad and Tobago, fulfilling our 83-year commitment to achieving equity, social justice and a decent standard of living for all."

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