Company Owned by Former PNP General Secretary Makes PetroJam Bid

68

Nationwide News understands that a company owned by former PNP General Secretary, Paul Burke, has made an offer to purchase Venezuela’s 49-percent stake in Petrojam.

Mr. Burke is a businessman and currently a registered member of the PNP.

The Opposition PNP has in recent days been pushing the government to abandon its plan to use parliament to take control of Venezuela’s shares in the state owned oil refinery.

Our news center understands that the company, Cheriton Trading Investments, made an offer to PDV Caribe to buy Venezuela’s shares for USD$55-million.

PDV Caribe is the state owned entity which has Venezuela’s shares in Petrojam.

Checks by our news center disclose that the sole principal of Cheriton Investments is Paul Burke.

Cheriton is the name of a road in East Kingston.

Mr. Burke told Nationwide News this afternoon that the offer was made by his company in November last year.

But the former PNP General Secretary said he could not comment in detail on the issue.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2019/01/Burke-confirms-offer-made.mp3″]

Our sources say PDV Caribe did not disclose to the Holness-administration the offer submitted to it by Mr. Burke’s company.

This was confirmed by Chairman of the Petroleum Corporation of Jamaica, PCJ, Russell Hadeed, when he spoke to our news center this afternoon.

Mr. Hadeed says the only offer he’s aware of is one which was submitted by A&A Lime Hall Development Limited.

[audio_mp3 url=”http://nationwideradiojm.com/wp-content/uploads/2019/01/Hadeed-has-no-idea-January-17-2018.mp3″]

Foreign Affairs Minister, Senator Kamina Johnson Smith, told a media conference earlier this week that the offer submitted by A&A has not been accepted by the Holness-administration.

— 30 —



Abka Fitz-Henley is a multiple award-winning journalist who is currently the Senior Reporter at Nationwide News Network (NNN). His primary areas of focus are Court, Crime and Parliamentary proceedings. Fitz-Henley was recently recognized in the regional celebrity magazine publication Panache as “The Breaking News Boss”. At 21 years of age, following his 1st year in media, Fitz-Henley was recognized with the Young Journalist of the year award from The Press Association of Jamaica and went on to cop one of the country’s highest recognized journalism prizes, the Journalist of the Year Award. He’s also been awarded the prestigious Corporate Jamaica Broilers Fairplay 1st place Award for investigative journalism and is the recipient of the Caribbean Blog Award for coverage of the infamous Kartel murder trial. Fitz-Henley is also the recipient of the PM Youth Award for Excellence. Over the years, he has appeared as a guest on the BBC World Service and BBC London.


Leave a Reply

Your email address will not be published. Required fields are marked *