You are here

Decision on Petrotrin next month

Friday, July 14, 2017

The future of state-owned Petrotrin will be decided by the first week of August.

Minister in the Office of the Prime Minister Stuart Young, who gave the time frame at yesterday’s post-Cabinet media briefing, said the Standing Committee of Energy had met Cabinet on the report on Petrotrin which was delivered a few weeks ago.

The committee had made recommendations last month on the financially beleaguered state enterprise.

Young said the next phase of the exercise is for Energy Minister Franklin Khan to meet stakeholders then report back to Cabinet with feedback. He said Khan was given a two-week time frame for this task.

A decision on Petrotrin’s future will be made “very very soon—Cabinet will make a decision by the first week of August,” he said.

Young didn’t want to say if Petrotrin might be dissected as has been suggested in some quarters. Khan spoke at length, expressing concerns about the state enterprise at Tuesday’s Conversations with the Prime Minister in Point Fortin.GA


User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.

Guardian Media Limited accepts no liability and will not be held accountable for user comments.

Guardian Media Limited reserves the right to remove, to edit or to censor any comments.

Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.

Before posting, please refer to the Community Standards, Terms and conditions and Privacy Policy

User profiles registered through fake social media accounts may be deleted without notice.