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Jamaica: Petrojam Review Committee Says Gov’t Should Exit Refinery Operation

The Andrew Holness-appointed Petrojam Review Committee has proposed that the Government get out of oil refinery operations and instead turn it over to the private sector.

It’s one of 12 recommendations contained in a 39-page report prepared by the committee, chaired by businessman Chris Zacca.

Zacca detailed the recommendations at a press conference at Jamaica House this afternoon.

The committee said the government should consider leasing the state-owned refinery and commission a petroleum industry enterprise team to chart its exit from the operational management of Petrojam.

In the past few months, the Petrojam management has attracted intense public scrutiny amid a series of scandals over its management including hiring practices and asset security.

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