Jamaica Moving Ahead With Attempt to Buy Back Venezuela’s Shares in Petroleum Refinery

A team from Venezuela is expected to visit Jamaica to continue discussions on the proposal for Jamaica to repurchase the Spanish-speaking nation’s 49 per cent shareholding in Petrojam Limited.

Venezuela owns 49 per cent of Petrojam – Jamaica’s sole petroleum refinery – through the state-owned PDV Caribe, a subsidiary of Petróleos de Venezuela (PDVSA).

Read more: http://www.caribbean360.com/business/jamaica-moving-ahead-with-attempt-to-buy-back-venezuelas-shares-in-petroleum-refinery#ixzz5CZHzN64c

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