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NEARLY six years after the Petrotrin oil refinery was closed, Cabinet has taken a decision with respect to the Pointe-a-Pierre facility.

Prime-minister-in-waiting and Ener­gy Minister Stuart Young said yesterday that Nigerian energy company Oando Trading was re­com­­mended to the Cabinet by an evaluation committee as the preferred bidder for Petrotrin, and the recommendation has been accep­ted.

Young said the Cabinet also took a decision to advise Trinidad Petroleum Holdings Ltd (TPHL) of its non-objection of the evaluation committee’s recommendation for the sale or lease of the former refinery.