Thursday 17 October, 2019

Two new companies to replace Petrotrin unveiled

Two ads announcing the Petrotrin replacements were published today

Two ads announcing the Petrotrin replacements were published today

Two new companies that will replace Petrotrin has been unveiled. 

The companies, Heritage Petroleum Company Limited and Paria  Fuel Trading Company were unveiled in newspaper advertisements today, Saturday, October 13.

"More than the infrastructure and natural resources that we will recover sustainaby and profitably, our greatest assets will be our technical and operational excellence, strategic thinking, and most of all, the quality of our people. These factors will be pivotal to our success," said the ad for the Heritage Company.

The description of the Paria Fuel Trading Company said: "As a state-owned company with access to strategic linkages and high-level market intelligence, our significant infrastructure positions us to offer safe, responsible and efficient terminal operations which will facilitate the reliable transportation and trading of petroleum products."

The ad also assures that the company will ensure fuel security for automotive, aviation and marine applications in Trinidad and Tobago.

The ads were published even though the Petrotrin's injunction appeal is still to be substantively read out in the Court of Appeal.

The injunction was granted by the Industrial Court after the Oilfield Workers' Trade Union  al­leg­ed Petrotrin com­mit­ted an of­fence by fail­ing to con­sult with it be­fore tak­ing the de­ci­sion to close the com­pa­ny and send home al­most 5000 work­ers.


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