Opposition Spokesman on Industry and Investment, Peter Bunting, says the valuation report for Petrojam, being used by the Government would see most of the State-owned oil refinery’s staff being sent home.

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Mr. Bunting says the valuation he has in his possession would also see the refinery closed.

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The Holness administration has insisted the move to unilaterally reacquire Venezula’s 49-per cent stake in Petrojam is designed to safeguard Jamaica’s energy security.

Mr. Bunting says based on documents in his possession, there seems to be a shift in the government’s position. He’s demanding an explanation from the government.

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