Oil union digs in to save Petrotrin refinery

Oil union digs in to save Petrotrin refinery

M&A Energy Caribbean

The Oilfield Workers' Trade Union (OWTU) has approached the board of Petrotrin with a lease-to-own plan for the Pointe-a-Pierre refinery that the state-run oil company shut down earlier this month. The plan will also include ways to incorporate public and private sector investment into the Trinidad-based refinery. Sunstone Equity is working with the union in negotiating a plan with the central government, according to statements from the OWTU. Sources have told LatinFinance that Petrotrin's loss

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