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Jamaica moving ahead with attempt to buy back Venezuela’s shares in petroleum refinery

KINGSTON – A team from Venezuela is expected to visit Jamaica to continue discussions on the proposal for Jamaica to repurchase the Spanish-speaking nation’s 49 per cent shareholding in Petrojam Limited. Venezuela owns 49 per cent of Petrojam – Jamaica’s sole petroleum refinery – through the state-owned PDV Caribe, a subsidiary of Petróleos de Venezuela (PDVSA). […]