Petrotrin

OWTU denies workers sabotaging oil assets

The Oil­fields Work­ers’ Trade Union is deny­ing work­er in­volve­ment in the sab­o­tag­ing of Petrotrin as­sets fol­low­ing the shut­down of the com­pa­ny on Fri­day.

The union made the com­ment in re­sponse to a me­dia re­lease by Trinidad Pe­tro­le­um Hold­ings Ltd (TPHL), the com­pa­ny tak­ing over Petrotrin as­sets, which stat­ed ac­cess to all its fa­cil­i­ties was sus­pend­ed fol­low­ing acts of sab­o­tage by union mem­bers and em­ploy­ees. Petrotrin is now a lega­cy com­pa­ny but is a sub­sidiary of the new­ly formed TPHL.

Heritage Petroleum: Flow line severed, 5 barrels spilled, area cleaned

The Heritage Petroleum Company Limited is investigating an act of sabotage on one of the company's lines in Grande Riviere.

According to the company, a 2.7-inch flow line was visibly severed resulting in the spillage of approximately five barrels of oil. The line has since been repaired and approximately 80 per cent of the spill has been collected and removed from the site. 

Heritage Petroleum says there has been no damage to the environment.

Petrotrin pays $2.7 billion to employees as company closes

Petrotrin says it has today paid out $2.7 billion to former workers as the company's operations come to an end.

Petrotrin issued a statement on the matter on Friday afternoon.

"Today marks the end of Petrotrin’s operations and is an understandably difficult period for all of those affected.

Consistent with its commitment, the Company has today disbursed $2.7 billion in exit and other payments to its employees.

CNC3 drive-through reveals unsecured Petrotrin compound

CNC3 today decided to check on reports that there is no security guarding the assets at Petrotrin's Point-a-Pierre compound as the company was officially closed today. We found the reports to be true.

The drive-through was conducted purely for news-related purposes and to demonstrate to the authorities the critical need to protect the country's assets.

42 hired by replacement companies, 18 are former Petrotrin workers

Minister of Energy and Energy Industries, Franklin Khan has confirmed that 42 people have so far been hired to fill places in the three new companies that will replace Petrotrin.

The minister told the House of Representatives today that 18 of the 42 are former employees of Petrotrin and 24 are new.

Minister Khan said that the Heritage Petroleum Company Limited has hired 39 senior and middle managers.

Of the 39, 16 are former Petrotrin employees and 23 did not work with Petrotrin before.

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