(Energy Analytics Institute, Piero Stewart, 16.Jun.2019) â The ad hoc administrative board of PetrĂłleos de Venezuela (PDVSA) appointed by interim Venezuelan president Juan GuaidĂł requested that the government of Jamaica suspend the âillegal expropriationâ of the shares of PDVSA Caribe in Petrojam, approved by the Jamaican parliament in February 2019, […]
Tag: Petrojam
Jamaica: Gas Prices Down $0.72, Diesel Down $0.35
(Jamaica Gleaner, 12.Sep.2018) â Gas prices are to go down by $0.72 tomorrow Thursday, September 13 The state-owned oil refinery, Petrojam, says E-10 87 will sell for $137.82 per litre and a litre of E-10 90 will sell for $140.65. Automotive diesel oil will go down by $0.35 per litre to […]
Wheatley Falls: Latest Casualty of Energy Scandal
(Jamaica Gleaner, Edmond Campbell, 31.Jul.2018) â The ongoing scandal that began at the state-owned oil refinery Petrojam has claimed its latest casualty with the resignation yesterday of Andrew Wheatley as minister of science and technology. This follows several weeks of allegations of nepotism and cronyism that triggered investigations from several […]
National Oil Co for Guyana Would Be Disaster
(Stabroek News, 3.Jun.2018) â The creation of a National Oil Company (NOC) will be âa disasterâ for this country warns former Government Advisor on Petroleum, Dr. Jan Mangal who says that Guyana should learn from the experiences of sister Caribbean countries, Trinidad and Tobago and Jamaica. However, the government says […]
Cabinet Removes Energy Portfolio Over Petrojam
(Jamaica Gleaner, 2.Jul.2018) â Dr Andrew Wheatley has been stripped of the energy portfolio as the government implements a raft of changes at the controversy-plagued oil refinery Petrojam. A statement a short while ago from the Cabinet indicates that the portfolio has been shifted to the Office of the Prime […]
Petrojam Partner Knocks Contract Process
(Jamaica Gleaner, 27.Jun.2018) â Petrojam, the beleaguered government-controlled oil refinery, spent over $14 billion or 74 per cent of its domestic expenditure over a two-year period to last October via direct and emergency sourcing, rather than competitive bidding contracts, an internal audit by Jamaica’s partner in the refinery revealed. The […]
Jamaican Gas Prices Down by $0.21 per Litre
(Jamaica Gleaner, 13.Jun.2018) â Gas prices are to go down by $0.21 effective Thursday, June 14. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $132.12 per litre and a litre of E-10 90 will sell for $143.95. Automotive diesel oil will down by $0.16 per litre to […]
Petrojam Responds to Corruption Claims
(The Jamaica Observer, 9.Jun.2018) â Government sources told the Jamaica Observer they are awaiting a response from Venezuela on its offer to repurchase their 49 per cent share in the local oil refinery, Petrojam. It is understood that during a visit to Jamaica in May, a team from the State-owned […]