(Trinidad Express, 19.Jul.2021) — Most members of the Petrotrin Employees Pension Plan are in danger of not receiving their full pension benefits due to a $1.6 billion deficit in the plan. President-General of the Oilfield Workers’ Trade Union, Ancel Roget, said those in danger include employees who retired before the […]
Tag: Oilfield Workers Trade Union (OWTU)
OWTU To Buy Petrotrin Refinery
(Argus, 23.Sep.2019) — Trinidad and Tobago’s government agreed to sell its mothballed 160,000 b/d Pointe-a-Pierre refinery to a company partly owned by the oil workers’ union. Finance minister Colm Imbert confirmed the $700mn sale to Pet, a firm created by the labor group OWTU in December 2018 as a special […]
Trinidad Government Defends Decision To Close Petrotrin
(CMC, 3.Oct.2018) — The Trinidad and Tobago government Monday reiterated its position that it was necessary to close down the refinery of the state-owned oil company, Petrotrin, insisting that the company was losing billions of dollars (One TT dollar=US$0.16 cents) annually. Finance Minister Colm Imbert, delivering the TT$51.7 billion budget […]
More Than TT$1 Billion in Compensation for Petrotrin Workers
(CMC, 19.Sep.2018) — The Trinidad and Tobago g overnment Monday said the compensation package for workers being laid off by the closure of the oil refinery of the s tate-owned company, Petrotrin could be more than TT$1 billion (one TT dollar=US$0.16 cents). But energy minister, speaking in the Senate, said […]
Lennox Petroleum to Take Legal Action Against OWTU
(Trinidad and Tobago Newsday, Yvonne Webb, 31.Aug.2018) — Lennox Petroleum Services Ltd has initiated legal action against members of the Oilfield Workers Trade Union (OWTU), one day after they protested inside the company’s Princess Margaret Street, San Fernando office. CEO Wayne Persad has also applied for an injunction to prevent […]