Petroleum Division privatisation in final stages - ministry

Negotiations between the government's privatisation unit and B.B. Energy for the privatisation of Enemalta's Petroleum Division, are in their final stages, the Finance Ministry said this evening.

Earlier today, the GWU protested that despite a report that Enemalta has reached a deal for the privatisation of the petroleum division, it had not been told anything about the development.

According to a newspaper report last week, Enemalta had agreed to sell its petroleum division.

The union said it was dismayed that, despite being the representative of the workers, it was learning of developments from the media. This was in breach of the right to information and consultation in terms of the Employment Relations Act.

The union stressed it would not accept preconditions ahead of any talks and was holding the government  and Enemalta responsible for their 'irresponsible actions'.

The union also called on Enemalta to clarify its position.

The ministry said this evening that once the negotiations were concluded, it would communicate further about the matter, including with the GWU.

B.B. Energy, headquartered in Athens and Beirut, is a private oil trading company with offices in major  cities worldwide, having strong ties in the Middle East, the Mediterranean and Black Sea Regions.

With associated offices in London, Singapore, Beirut, Athens, Rotterdam, Italy, Dubai and Cuba. B.B. Energy is able to cover the market around the clock.