Minister of Energy and Energy Industries, Franklin Khan, says the restructuring of Petrotrin was being done to ensure that the company remains relevant and vibrant in the highly competitive energy sector.
Minister Khan explained that the company could not continue conducting its affairs and operations in the same way, in a bid to get different results.
He made the comment while defending the government’s decision on the state enterprise in the Senate on Tuesday while contributing to the debate on a private motion brought by the Opposition: condemn the actions of the government in closing the Petrotrin refinery.
Minister Khan said the government is confident that under a revised model several benefits will be derived for the country.
However, Opposition Senator Gerald Ramdeen, giving his input on the private motion, focused at one stage on the non-payment of supplemental petroleum tax in the last three years.
Mr. Ramdeen also questioned the role of a high profile person in the energy sector behind significant developments at Petrotrin.