The Trinidad & Tobago government says it expects to take a decision by the end of August this year regarding the sale of the state-owned oil refinery, Petrotrin, which had been closed in 2018 mainly due to its indebtedness, according to a report in the Wed-nesday June 26th issue of the Trinidad Guardian.
The country’s Prime Minister, Dr. Keith Rowley, is reported in the Guardian as saying that “within a month’s time,” his administration will be seeking to put in place a team “to evaluate the offers being made by those interested in running the refinery,” which, prior to its closure in 2018 had been operating at a stupendous loss of around TT$8 billion over the last five years, apart from having ‘run up’ a bill of $3 billion in taxes and royalties to the government of the twin-island Republic.