The Prime Minister says the government plans to meet with the Oilfield Workers Trade Union to discuss the way forward… this as

Petrotrin’s $20 billion dollar debt becomes due shortly.

Calling the development a worrisome one, Dr. Rowley noted that Petrotrin will not be able to service this debt, unless the government

intervenes.

Meanwhile, in light a of lower than normal oil production rate, the Prime Minister said negotiations are underway with Venezuela’s

government in a bid to partner for financial security where oil is concerned.

Dr. Rowley said a number of persons, including the Foreign Affairs Minister and Minister Stuart Young, have been engaging in these

negotiations.