Jamaica says it already owns refinery shares formerly held by PDVSA
Jamaica’s government said on Monday it already owns the 49% stake in a refinery on the island formerly held by Venezuelan state oil company PDVSA, after the South American country’s opposition requested it not expropriate the shares.
Jamaica’s Senate in February passed legislation clearing the way for the government to acquire the 49% stake in the 36,000 barrel-per-day Petrojam refinery that PDVSA acquired in 2006, part of late leftist President Hugo Chavez’s energy diplomacy efforts in the Caribbean.
But over the weekend, an ad-hoc PDVSA board appointed by opposition leader Juan Guaido sent Jamaica a letter asking that it halt the expropriation process. The other 51% of the shares were already owned by the Jamaican government.
Robert Nesta Morgan, parliamentary secretary for the office of Jamaican Prime Minister Andrew Holness, said on Monday that the office received the letter and sent it to the attorney general’s office for “advice.”
“The shares however are now owned by Jamaica,” Morgan said in a statement, adding that the Jamaican government placed funds for compensation for the shares an escrow account, and there was a provision for parties to submit claims for the funds. He did not say how much money was placed in the account.
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Guaido, the leader of the opposition-controlled National Assembly, in January invoked Venezuela’s constitution to assume an interim presidency, arguing President Nicolas Maduro’s 2018 re-election was illegitimate. He has since been recognized by dozens of countries as Venezuela’s rightful leader.
He appointed the ad-hoc board in part to protect PDVSA’s assets abroad. Maduro calls Guaido a puppet of the United States seeking to oust him in a coup, and remains in control of most state functions, including PDVSA’s operations within Venezuela.
Jose Ignacio Hernandez, Guaido’s overseas legal representative, said he and PDVSA ad-hoc board chair Luis Pacheco had “already requested that any compensation should be negotiated with the legitimate government.”
Still doesn’t explain if there was a resolve about the matter between the jlp government and the “puppet government” of guaido! unless there was some type of clause that was iron clad in the agreement, the jlp government could run into some legal issues with the guaido’s government as the calculated move could be seen as “ulterior-motives” beneficial to the jlp’s interest, looking in the immediate and not looking around the corner down the stretch, the important question is, did the jlp government and their cronies depreciated the value of the shares or holdings Venezuela had in PDVSA to their benefit? had the shares or holdings appreciated in value since the Venezuelan aquisition to current? if the answer to the latter is yes, and the funds in that escrow account equals to the shares/holdings value then fine, but if you know those MAFIAS as much as I do? then you know the rest :travel BTW they might be going by “eddie’s” manual that he crafted for them :thumbup
“Guaido’s government”? The guy is an American-trained sock puppet. Jo** Bo#*$n’s hand is up the guys butt. He’s nothing more than an imposter. A scammer even. He was never elected. The brown skinned Venezuelan majority neither acknowledge nor support him. That letter is null and void.
Anything jlp put dem hand pan cyaaah good again. Unnu frig up enuff tings… WE NEED CHANGE!.
Change is good! but you can’t replace CIA operatives with CIA assets, end result will be the same!