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).