OWTU proposes lease-to-own option for Petrotrin refinery

Another plan has been introduced to try to rescue the beleaguered Petrotrin oil refinery.

The Oilfield Workers’ Trade Union (OWTU) said during a media briefing on Wednesday that they have approached the board of Petrotrin and government to present a lease-to-own plan for the refinery, which will possibly save the jobs of thousands of workers. 

OWTU president Ancel Roget said he is confident that the plan, which was produced with the help of international private investment firm Sunstone Equity Nv, can succeed.

MAK England, a commodities firm with operations in the UK, the US and the UAE, has also joined the proposal, with plans to provide crude oil and managerial expertise for the refinery.

“We are going to announce a plan that would be for the benefit of Trinidad and Tobago. Based on…

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