Venezuela's opposition leader urges Jamaica to refrain from selling PDVSA shares in Petrojam

Sunday, June 16, 2019

Print this page Email A Friend!


CARACAS, Venezuela (CMC) — The Andrew Holness-led administration has been asked to refrain from selling the island's shares in Venezuela's state-run oil company PDVSA.

The ad-hoc board of the oil company, appointed in part to defend PDVSA's interests abroad, sent the request to the Jamaican government on Saturday.

The board said that “it cannot maintain any arrangements” with the government of President Nicolas Maduro, a Chavez protege whose legitimacy as Venezuela's leader is disputed.

“We formally request the suspension of this expropriation process,” the board said in a statement.

Earlier this year, the Senate in Jamaica passed legislation clearing the way for the government to acquire the 49 per cent stake in Petrojam – the government of Jamaica's oil refinery --that PDVSA acquired in 2006 as part of the late President Hugo Chavez's energy diplomacy efforts in the Caribbean.

According to a Reuter's report, neither Holness' office nor Jamaica's foreign ministry immediately responded to requests for comment.

Juan Guaido, the leader of Venezuela's opposition-controlled National Assembly, in January invoked the constitution to assume an interim presidency, arguing Maduro's 2018 re-election was illegitimate. He has been recognised as rightful leader by dozens of countries, including Jamaica and the United States.

His representatives abroad have fought efforts by creditors of Venezuela's highly-indebted government to seize foreign assets belonging to PDVSA.

But Maduro retains control of the military and most state functions, including PDVSA's day-to-day operations within Venezuela.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT