Prime Minister Dr Keith Rowley provided an update on the ongoing negotiations between the government and Patriotic Energies , which is owned by the OWTU, in response to a question from Couva South MP Rudy Indarsingh in the House of Representatives yesterday.

The prime minister indicated that before the bidding for the refinery and other assets began, a data room where interested parties could come and see information related to the operations of the refinery had been created.
The PM said that Patriotic asked for more details about the refinery in terms of physical infrastructure in addition to other critical information, which has now delayed the process, which he (the PM) expects to be completed by the end of March.

He said Patriotic, which is owned by the Oilfields’ Workers Trade Union (OWTU), has now indicated that it would like to see the actual refinery in greater ­detail.

“This expert group is going to go through the refinery to ensure that (Patriotic) is clear on what the re-start would require and the investment in the re-start. If along the way Patriotic decides it is too much for them or they are no longer interested, well then we back to square one—we don’t have an interested party. And we will have a refinery which would be number 18 in the world which would not be operating.”

Also in response to Opposition Chief Whip David Lee, who asked if Patriotic withdrew it’s bid after it’s full evaluation? The Prime Minister responded: “This expert group is going to go through the refinery to ensure that (Patriotic) is clear on what the re-start would require and the investment in the re-start. If along the way Patriotic decides it is too much for them or they are no longer interested, well then we back to square one”.

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