Expert says closure of Petrotrin refinery will decimate Trinidad

Former Director of Energy Industries at IndustriAll, Jim Catterson (centre)

(TRINIDAD EXPRESS) Former Director of Energy Industries at Industrial, Jim Catterson, says closure of the Petrotrin refinery makes no economic sense. He said the closure would decimate south Trinidad.

Catterson said unemployment would rise and poverty would spread across the nation.

Speaking at a press conference at the Oilfield Workers Trade Union (OWTU) headquarters in San Fernando, Catterson said the Government must consider the proposal presented by the OWTU last week.

“Tens of thousands of people would be unemployed. These people would no longer contribute to the national economy through taxes. They would no longer contribute to the national economy. There would be a downward spiral of the economy into poverty,” he said.

Catterson said it was important that the government have further discussion with the OWTU and Petrotrin management.

“Get around the table and discuss the future of this industry and economy. It is the only way to resolve this situation. Find a way for the country to survive,” he said.

Catterson questioned why a government wanted to close the refinery and import petroleum products.

“Where would you get the foreign exchange to buy the things you need? And when you can produce these products yourself,” he said.

Catterson said oil workers were highly skilled, educated and knowledgeable and should be paid accordingly.

But he dismissed reports by Energy Minister Franklin Khan that salary and wages totalled 52 per cent of Petrotrin’s operating cost.

He said, “Salary and wages is under 10 per cent of the company’s operating cost. Oil workers are highly skilled, educated and handles equipment worth millions and potentially dangerous. So they should be highly paid.”

IndustriALL Global Union is a global union federation representing more than 50 million working people in more than 140 countries, working across the supply chains in mining, energy and manufacturing sectors at the global level.

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