Bunting Says Petrojam Contracts Were Used ‘To Extract Money From The State-owned Oil Refinery’

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Central Manchester MP, Peter Bunting, is alleging that a contract undertaken by Petrojam was a comical ruse designed solely to extract money from the State-owned oil refinery.

He arrived at that conclusion after analyzing sections of the Auditor General’s report on Petrojam which show the company hired consultants at a cost of 17-million dollars, an expenditure that seemingly provided no value to the company.

The issue was discussed at yesterday’s sitting of Parliament’s Public Accounts Committee, PAC.

Chevon Campbell has that story.

In perusing one contract, Mr. Bunting questioned why Petrojam paid a consultant to align the state-owned company with the government’s energy policy.

The contract was valued at more than 55-thousand US dollars or just over 7 million Jamaican dollars.

It was signed in August 2017 under then General Manager, Floyd Grindley.

According to the Auditor General, no evidence was provided to suggest Petrojam got value from the contract.

Permanent Secretary in the Ministry of Energy, Carol Palmer, was unable to explain why this was done.

Petrojam General Manager, Winston Watson, provided a similar answer.

Mr. Bunting and PAC Chairman, Mark Golding, both agreed that it would seem the contract was a ruse.




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