Latest Developments with Petrotrin Reorg
- An injunction which restrained state-owned Petrotrin from terminating its workers has been discharged, which means there is now nothing preventing the company from going ahead with its plans to shut down.
- Bidding for Petrotrin refinery will commence shortly. Notably, the plant will require an immediate cash injection of between $7 to $8 billion to get the plant and machinery in a state that it can continue and $25 billion to keep the operation going.
Source: Trinidad Guardian, Trinidad News