Jamaica, Venezuela Sign Petrojam Refinery Expansion Agreement

Jamaica-Gleaner, February 24, 2017

The Governments of Jamaica and Venezuela signed an agreement on Wednesday to move forward with the Petrojam Refinery Expansion Project which is estimated to cost approximately $1 billion.  The Jamaican government, through Petrojam, owns 51% of the refinery while Venezuela owns 49%. The expansion will increase Jamaica’s national oil refinery’s crude oil capacity from 36,000 barrels of oil per day to 50,000 barrels per day. 

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