Tuesday 20 November, 2018

Petrotrin report before Cabinet July 13

The Petrotrin Report is expected to go before the Cabinet for consideration next Thursday for its decision on the way forward for the State-owned company.

The Energy Sub-Committee of the Cabinet, chaired by Prime Minister Dr Keith Rowley, met Monday to review the completed report on the operations of State-owned Petrotrin for a second time.

The sub-committee was in receipt of responses to the report from Petrotrin, the Ministry of Energy and Energy Industries, the Ministry of Finance, the National Gas Company (NGC) and Wendell Mottley, a distinguished member of the sub-committee.

In March, Prime Minister Dr Keith Rowley appointed the Petrotrin Review Committee following a Cabinet decision that called for a review of operations at Petrotrin in light of the company’s falling revenues, allegations of mismanagement and decreasing oil prices worldwide.

The Committee is chaired by Selwyn Lashley, Permanent Secretary, Ministry of Energy & Energy Industries.

Other members include Professor Chandrabhan Sharma, Department of Electrical and Computer Engineering, Faculty of Engineering, University of the West Indies; Helen Drayton, former Independent Senator; Robert Riley, Head of Safety and Operational Risk, Competency and Capability Development at the BP Group in London and former Chairman and Chief Executive Officer of BPTT; Wilfred Espinet, AeroMarine Trinidad Limited; Gregory Marchan, Representative of the Oilfield Workers Trade Union (OWTU) and David Abdullah, Representative of the Oilfield Workers Trade Union (OWTU).

On June 6, 2017, the committee submitted its findings in a comprehensive report and have agreed to remain empanelled on assignment with Cabinet until December 31, 2017.