For $180k a month, Heritage’s new CEO needs to deliver says David Lee

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For $180k a month, Heritage’s new CEO needs to deliver says David Lee

Point a Pierre MP David Lee says the Government’s ability to offer a monthly salary of $180,000 per month plus other benefits to the newly hired foreign CEO of state oil company Heritage Ltd while remaining unmoved and silent as 137 taxpaying nationals were furloughed by the state-owned Caribbean Dockyard and Engineering Services Ltd (Caridoc), “demonstrates the continued disdain this Government has for its own citizens.”

In a media release, MP Lee said, “it is even more atrocious and degrading towards our own citizens that former Petrotrin workers, those who built the oil industry, have been forced to protest against this government’s failure to address key issues on their pension and medical plan as recent as this week while this government ensures the new Heritage CEO is given such a hefty package.”

He said this Government continues to allocate money for all other aspects except its main priority, the development, enrichment, and prosperity of its own citizens.

“After all of the boasts upon taking office that this government would ensure the protection of local content in our energy sector, why didn’t the Government utilize the diverse, dynamic, and significant local talent which we have developed over decades in the energy sector for this position?” Lee asked.

MP Lee said Heritage’s oil production fell by over 1 million barrels of oil from 2021 to 2022 while the company still continues to underperform Petrotrin and the Government must ensure Erik Keskula delivers on “value for money” by immediately turning around Heritage.