Prime Minister Andrew Holness, says the Report on the strategic review of the State-owned oil refinery Petrojam will be tabled and debated in Parliament.
He noted that Cabinet has considered the Report but has not yet come to any conclusions.
The committee, headed by Christopher Zacca, was established in the wake of developments regarding the management of the refinery, and was among interventions aimed at ensuring that the entity remains viable, thereby safeguarding jobs and Jamaica’s energy security.
Presenting the recommendations, Mr. Zacca noted that the committee’s analysis indicates that for the Petrojam refinery to be commercially viable, its operating efficiencies must improve, and investment of some US$78 million is needed.
