THE Government on Tuesday signed an agreement with Mexico for that country to provide the Jamaican petroleum industry with training opportunities and technical services.
The agreement came after the Ministry of Foreign Affairs and Foreign Trade wrapped up bilateral talks with Mexican officials that had been ongoing since Monday.
“We’re signing a memorandum of understanding (MoU) with the Mexican Petroleum Institute and the Petroleum Corporation of Jamaica (PCJ), to focus on a very specific area, such as oil refining and the transfer of state-of-the-art technologies to make Jamaica’s energy supply more flexible,” Mexican Foreign Secretary Luis Videgaray Caso said during a press briefing at Jamaica House on Tuesday.
The agreement was later signed between group general manager of PCJ Winston Watson and director general of the Mexican Petroleum Institute Dr Ernesto Rios Patrón.
The Mexican Foreign Secretary noted that Mexico’s expertise would aid in transforming Jamaica’s petroleum sector into a more reliable and more secure source of energy for the country.
“Under the leadership of Mexico’s President Enrique Peña Nieto, the energy sector has been completely transformed from a public sector monopoly model to a very open model, [which is] market-based and open to investment from anywhere. That has been very successfully and rapidly implemented,” said Videgaray.