Latest Developments with Petrotrin Reorg

• An injunction which restrained state-owned Petrotrin from terminating its workers has been discharged, which means there is now nothing preventing the company from going ahead with its plans to shut down.
• Bidding for Petrotrin refinery will commence shortly.  Notably, the plant will require an im­me­di­ate cash in­jec­tion of be­tween $7 to $8 bil­lion to get the plant and ma­chin­ery in a state that it can con­tin­ue and $25 bil­lion to keep the op­er­a­tion go­ing.

Source: Trinidad Guardian, Trinidad News