Nothing Peculiar About the PCJ Closure – Energy Minister

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Energy Minister Fayval Williams says there’s nothing peculiar about the government’s move to close the Petroleum Corporation of Jamaica, PCJ.

Opposition Spokesman on Energy, Phillip Paulwell, had called on both Prime Minister Andrew Holness as well as Minister Williams, to provide justification for the Cabinet decision.

But speaking on Nationwide This Morning, Minister Williams says the PCJ has been on a long list of entities the government was considering closing or merging, since last year.

She says the PCJ no longer serves the function that it used to.

The Minister says decisions are yet to be made about what to do with some of the PCJ’s assets.

Meanwhile, Minister Williams says the government has not yet decided on the future of Petrojam.

The Petroleum Corporation of Jamaica, PCJ, owns 51% of Petrojam.

But the Minister notes that the state-owned oil refinery operates independent of the PCJ.

Minister Williams says the government also hasn’t decided what to do with the PCJ’s 51% stake in Petrojam.

Fayval Williams, Minister of Energy.





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