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Another side of Petrotrin’s story

Friday, July 13, 2018

Petrotrin is the subject of constant public discussion. “Experts” continuously malign the reputation of the company and its workers but whatever their intentions, it is important that the other side of the story be told.

Petrotrin chairman Wilfred Espinet stated that Petrotrin’s debt stands at $12 billion dollars and the employee costs are fifty per cent of operating costs. The average person reading this will assume that the debt is a result of the employee costs. The truth is that the debt is as a result of poor management of upgrade projects. Billions of dollars were spent on the Southwest Soldado, WGTL, ULSD and GOP projects without yielding returns for the organisation.

The chairman also spoke about the $22 million per month overtime bill and the accumulation of 183,000 vacation days. What is not being said is that the company has been operating with staff shortages in the areas with high overtime. The overtime is also approved by management prior to payment. The staff shortages also make it difficult to take leave. To this day, even though the chairman complains to the public about the high overtime bill, he continues to ‘instruct’ workers to work overtime to address plant failures. The overtime bill can be reduced significantly if the staff shortages are addressed.



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