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Tuesday 4 August, 2020

Gov't plans to sign off deal with OWTU for Pointe-a-Pierre refinery

Prime Minister Dr Keith Rowley speaks during the launch of the Petrotrin Land Distribution Programme at the Palo Seco Government Primary School on July 15.

Prime Minister Dr Keith Rowley speaks during the launch of the Petrotrin Land Distribution Programme at the Palo Seco Government Primary School on July 15.

Prime Minister Dr Keith Rowley has revealed that in the coming days, Government intends to sign off the deal with the Oilfield Workers Trade Union (OWTU) for the sale of the former Petrotrin refinery in Pointe-a-Pierre.

Patriotic Energies and Technologies Co Ltd, a company wholly-owned by the OWTU, won the bid to purchase the Guaracara Refining Company Limited and Paria Fuel Trading Company Limited with a US$700 million offer.

Speaking during the launch of the Petrotrin Land Distribution Programme at the Palo Seco Government Primary School on Wednesday, Dr Rowley said the Government intends to sign the deal in the coming days.

"It is the intention of the Government of Trinidad and Tobago, in the coming days, to sign off with the OWTU on the beginning of the way back for the Petrotrin refinery, known today as Guaracara, as soon as the OWTU is ready to commit itself to what I said here in this statement today, and provide its commitment by its signature."

"And, when that would have been done, the people of Trinidad and Tobago would have solved yet another one of its major problems. This Government did not have the luxury of postponing this outcome. The outcome has not been without pain. It has not been without acrimony."

The announcement comes after United National Congress (UNC) leader Kamla Persad-Bissessar recently promised that she would reopen the Pointe-a-Pierre refinery.

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