Top 7 Jamaican & Caribbean News Stories You Missed The Week Ending January 11th, 2019


Jamaican and Caribbean weekly news stories

THIS WEEK’S TOP NEWS  STORIES

PRIME MINISTER CALLS PETROJAM A “FISCAL RISK,” MOVES TO PROTECT JAMAICA
Calling Petrojam a “fiscal risk,” Jamaican Prime Minister Andrew Holness states he is focusing on protecting the country’s growth plans from any detrimental impacts of the state-owned oil refinery. The viability of Petrojam is in danger due to delayed upgrades and impending loss of the Jamaica Public Service Company (JPS). JPS will switch to liquefied natural gas from heavy fuel oil in its power plant operations. JPS is Petrojam’s biggest customer. Previously, Jamaica’s government announced its intent to pass a law to retake the 49 percent share of Petrojam currently owned by Venezuela following efforts to assure its share. Holness said…

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