OWTU hits back at rejected refinery deal

Home*Cover Story*News

OWTU hits back at rejected refinery deal

President General of the Oilfields Workers Trade Union, Ancel Roget, says the OWTU wrote to the Minister of Finance on Monday asking for a final meeting with the evaluation team on the Pointe-a-Pierre refinery to give the latest update it had before a public announcement was made by the government.

Speaking at a news briefing this afternoon, the OWTU head said it made this request because it had a commitment from Credit Suite to pay the up-front offer of five hundred million US dollars for the refinery.

Earlier today, at news briefing, it was revealed that the government rejected, for a second time, the Oilfields Workers’ Trade Union-owned Patriotic Energies and Technologies Company Limited to acquire the former Petrotrin refinery.

Minister Khan further stated that the Government will now return to the open market and attempt to secure another buyer.

The trade unionist insisted the union did is home work on this venture and is saddened by the latest development. 


Source: News Power Now/Power102.1fm