Petrotrin
employees get $180m payout
By
Louis B Homer
The
Trinidad Express/South
Bureau
Port
Spain
Petroleumworld.com 02 12 06
State-owned oil company Petrotrin has paid out some $180 million
to its workers under its profit-sharing plan agreed to by the
Oilfields Workers Trade Union.
Each
of the company's 5,000 employees has received $34,000.
The
payout came as a result of the company's $1.5 billion profit
which it made last year.
A
senior Petrotrin official confirmed that the payment was made
to all employees on the company's payroll.
The
company has reported that all operating areas showed profits.Its
refining and marketing operations and 19.5 per cent investment
in the north coast marine acreage consortium were significant
contributors to overall profit.
The
financial report signed by the company's executive chairman
Malcolm Jones stated that Petrotrin in 2005 deepened its involvement
in joint ventures in the upstream side of its business which
included the purchase of 15 per cent share of bpTT's Teak Samaan
and Poui offshore assets.
The
Trinidad Express
Thursday, February 9th 2006
