Prime Minister Dr. Keith Rowley is now in possession of the promised status report from the Board of Petrotrin detailing the progress made in the months since its appointment in September 2017.
The Office of the Prime Minister says the report was received by Dr. Rowley during a meeting on Wednesday, which featured discussions on the various options available as work continues towards restructuring the State-owned company.
In a media release, it was noted that throughout 2017 the government continued its systematic review of the operations at Petrotrin.
It explained that in June 2017 the Prime Minister received a comprehensive report from the Petrotrin Review Committee, which he appointed in March last year.
It added that the establishment of the Petrotrin Review Committee followed a Cabinet decision that called for an assessment of operations at the energy company in light of falling revenues, allegations of mismanagement and decreasing oil prices worldwide.