$16 billion

Petrotrin upgrade to cost $16 billion

Petrotrin President Fitzroy Harewood admits that the state-owned company is too reactive when it comes to safety saying it would cost approximately $16 billion over the next four years to repair Petrotrin’s aging infrastructure.

He also revealed that two of the seven tanks that were deemed high risk, are currently being repaired.

Speaking at a luncheon hosted by the Energy Chamber of T&T held at Cara Suites hotel in Claxton Bay yesterday, Harewood said Petrotrin planned to implement a company-wide asset integrity programme which may cost Petrotrin billions of dollars.