'...$100m a day lost'
INDUSTRIAL action by Petrotrin workers has caused the shutdown of its refinery operations at Pointe-a-Pierre, and it is costing the company $100 million a day in lost revenue.
The work stoppage entered its sixth day yesterday, with the Oilfields Workers' Trace Union (OWTU) demanding the settlement of outstanding payments, and the removal of alleged political appointees at the company.
The company issued a press release late yesterday stating, "Prior to this spate of work stoppages, through the dedication and hard work of its employees, Petrotrin had been operating at increasingly improving performance levels, with refinery throughputs of 160,000 barrels oil per day, and reported production levels at Land and Trinmar of 13,500 and 22,500 barrels oil per day respectively, and rising."
"The last six days of industrial action, however, have resulted in the complete shut-down of the refinery, with resultant gross revenue losses of $100 million for every day..."