You are here

Petrotrin says shutdown was planned

Published: 
Monday, February 24, 2014

State-owned oil company Petrotrin said yesterday that it is in the middle of a planned shutdown to carry out maintenance on certain plants. In response to the lead story in the Sunday Guardian, the company reiterated in a statement that the shutdown was “in accordance with our strategic project plans and processes.” “Part of the overall strategy encompassed both labour relations and product inventory management. 

 

“In respect of labour, the OWTU represents the workers engaged in this shutdown and it is for this reason, the OWTU’s support was obtained and a Memorandum of Agreement was executed on January 8, 2014, between Petrotrin and the OWTU for the utilization of company labour. “Apart from labour relations, Petrotrin’s management has been actively engaged in managing the product inventory.

 

“Petrotrin is utilising smaller distillation units for processing equity crude to supply product to critical markets.” The company said a US$150 million bond had been redeemed or paid off since January 17, 2012.

Disclaimer

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.

Please help us keep out site clean from inappropriate comments by using the flag option.

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