KINGSTON, Jamaica — The Ministry of Science, Energy and Technology says it continues to accept public comments and feedback regarding the draft Terms of Reference (TOR) developed for the forensic audit of oil loss at Petrojam Limited.

The TOR were published in The Gleaner and Jamaica Observer newspapers on Wednesday, March 13, 2019. The document is also published on the ministry’s website and can be accessed at www.mset.gov.jm, the ministry said in a release.

The Auditor General’s report to Parliament on December 2018 highlighted an increase in reported unaccountable oil losses over a five-year period at Petrojam Limited, ending in 2018.  

The ministry said that the report noted that Petrojam did not provide evidence that it analysed the sources of the unaccountable oil losses, with a view to better assess and address the problem.

The ministry added that the oil loss forensic audit is aimed at:

1.            Quantifying the oil losses at Petrojam Limited for the period April 1, 2012 to March 31, 2018;

2.            Establishing the reasons for the identified oil losses; and

3.            Recommending mechanisms to address identified oil losses.

Questions, comments and feedback on the TOR can be submitted to oillossaudit@mset.gov.jm  or info@mset.gov.jm by Tuesday, April 30, 2019.