Judge rules OWTU liable for US$4M loan to help with refinery bid
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Business
July 5, 2025
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The Oilfield Workers’ Trade Union (OWTU) has been held liable for over US$4 million in loans it secured for its bid to acquire Petrotrin’s Pointe-a-Pierre refinery after it was closed, and the overall company restructured in late 2018.
On Monday, High Court Judge Carol Gobin upheld KCL Capital Market Brokers Limited’s case against the OWTU and its associated company Patriotic Energies and Technologies Limited, which was established to aid in its bid for the refinery.
The loan centred around two agreements entered into between KCL Capital and the OTWU, through its then-trustees Ozzi Warwick, Raymond Huggins, and Ernesto Kesar, between November 2019 and May 2020.
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