T&T oil spills cost Petrotrin over TT$50 million

(Trinidad Express) The bill for the December oil spills will cost state-owned oil company Petrotrin upwards of TT$50 million, vice president for exploration and production Jamaludin Khan said on Tuesday.

The breakdown will include TT$5 million in compensation to residents and fisherfolk in the affected communities along the south-western peninsula, TT$20 million to international oil spill-response companies brought in to help with clean up, TT$12 million to TT$15 million to pay for soils rehabilitation, mangrove clean up and residual polishing, and a TT$20 million fine to the Environmental Management Authority.

Khan, who spoke to reporters after his presentation on day-two of the Energy Conference, Hyatt Regency (Trinidad), Port of Spain, said the final estimate will be somewhere between TT$50 million and TT$55 million.