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WiredJa Online News

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WiredJa Online News

JAMAICA | PNP Opposes PDVSA Expropriation, Sends Wrong Signal to Investors

KINGSTON, Jamaica. January 8, 2019: The Opposition PNP says the Government’s intention to expropriate Venezuela’s 49% shareholding in Petrojam will cause ripple effects in the local and international investor community for some time as this hostile approach is uncharacteristic of Jamaica, and may, in fact, be detrimental to our future negotiating capacity with other foreign investors.
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