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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. 

Click here to read the full article from Jamaica-Gleaner.


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