Opposition Spokesman on Energy, Phillip Paulwell, says it’s his information the government will shutdown the Petroleum Corporation of Jamaica, PCJ.
The PCJ is the parent company of the scandal scarred State-owned oil refinery, Petrojam.
According to the Shadow Minister, the government plans to subsume the functions of the PCJ, into the Ministry of Science, Energy and Technology.
Efforts to get a comment from Portfolio Minister, Fayval Williams, were unsuccessful.
In a statement this afternoon, Mr. Paulwell, called on both Prime Minister Andrew Holness as well as Portfolio Minister, Fayval Williams, to provide justification for the Cabinet decision.
He says the decision is curious, ill-advised and will plunge Jamaica’s energy sector into uncertainty.
Mr. Paulwell says news of PCJ’s impending closure came on the eve of the first meeting of the reinstated Energy Council.
The Energy Council held its first meeting today.
Mr. Paulwell says the government didn’t consult stakeholders before making the move.
Mr. Paulwell says the government must also provide clarity on what’s to become of the Oil and Gas exploration projects, for which PCJ is holding and supervising contracts for the continuing offshore investigations.
He says the government should also explain what is to become of the vast assets of the PCJ.
Calls placed to the Energy Minister went unanswered.