General Notices

Panel Discussion: The Economic Impact of the Closure of Petrotrin

Posted Monday, September 17, 2018


The Department of Economics presents a Panel Discussion titled The Economic Impact of the Closure of the Petrotrin Refinery.

The lecture takes place on September 19 at 6pm at the JFK Lecture Theatre and is free and open to the public.

Featured speakers include:

  • Mr. Wilfred Espinet, Chairman, Petrotrin
  • Dr. Dax Driver, CEO, The Energy Chamber of Trinidad and Tobago
  • Dr. Roger Hosein, Senior Lecturer, Coordinator, Trade and Economic Development Unit, Economics
  •  Mr. Wayne Bertrand, Honorary Fellow, Petroleum Geoscience

  • Mr. David Abdullah, Labour Economist

To indicate your attendance, please email Rebecca.gookool@sta.uwi.edu or call 662-2002 ext 83041 or 780-8363.

Background on panel discussion:

The clo­sure of the Petrotrin re­fin­ery could re­sult in in­fla­tion, es­pe­cial­ly if it is that the cost of im­port­ed fu­el is pushed to a high­er price than cur­rent­ly pre­vail­ing at the pump. In terms of the im­pli­ca­tions for the un­em­ploy­ment lev­el, the com­mu­ni­ties around Petrotrin that ben­e­fit on a dai­ly ba­sis from the back­ward and for­ward link­ages as­so­ci­at­ed with the op­er­a­tion of the re­fin­ery and the as­so­ci­at­ed ex­pen­di­tures of the Petrotrin work­ers would like­ly con­tract on ac­count of the multipli­er ef­fect. Busi­ness­es may close, and the unemployment rate may rise.