CARACAS – Venezuela, June 17, 2019 -The Reuters news agency says Venezuela's opposition leader Juan Guaido has asked the Jamaican government not to seize PDVSA's shares in the Kingston based oil refinery Petrojam.
KINGSTON, MAY 17, 2019 - Minister of Science, Energy and Technology, Fayval Williams, says since the compulsory acquisition of the 49 per cent shareholding in Petrojam, the Government is moving to reconstitute the Board.
Peoples National Party spokesman on investment, Manchester Central Member of Parliament Peter Bunting, says the Petrojam US$34 million valuation, is based on the assumption that refinery operations will cease at the end of this year and 70 per cent of workers sent home.
KINGSTON, Jamaica, February 20, 2019 - Legislation to retake ownership of the 49 per cent shares in Petrojam held by the Venezuelan State-owned oil and natural gas company, Petróleos de Venezuela (PDV) Caribe, was passed in the House of Representatives on February 19.
KINGSTON, February 14, 2019 - Documents tabled Tuesday in the House of Representatives have revealed that former human resource manager at Petrojam Yolande Ramharrack, as part of her separation package, was paid a $2.7 million performance incentive despite a questionable performance appraisal.
KINGSTON, Jamaica, February 12, 2018 - Foreign Affairs and Foreign Trade Minister, Senator Kamina Johnson Smith, says that Venezuela theought PDV Caribe’, has accepted a settlement price offer for their 49 percent stake in State refinery, Petrojam., agreed on by the parties, following “serious” discussions over the last few weeks.
KINGSTON, Jamaica, January 9, 2018 - JLP General Secretary, Dr. Horace Chang, is expressing shock at the reaction by the Opposition PNP and its spokespersons, Phillip Paulwell and Lisa Hanna, to the Government move to respond to the urgent need to protect Jamaica’s energy security by acquiring Venezuela’s 49-percent stake in Petrojam.
KINGSTON, Jamaica, January 8, 2019 - The Government of Jamaica has moved to expropriate Venezuela's 49 per cent share holding in the local oil refinery, PetroJam held by that country's oil and natural gas company PDV Caribe.