PETROJAM Limited (PETROJAM): This entity, a subsidiary of the PCJ and 49% owned by the Government of Venezuela, manages Jamaica’s sole oil refinery. The refinery is currently a 36,000 barrel per day hydro-skimming plant.
PETROJAM imports crude, mainly from Venezuela and Mexico, which it converts to various products, including Liquid Petroleum Gas (LPG), ten per cent Ethanol-blended (E10) Gasoline, Kerosene, Turbo Fuels, Auto Diesel Fuel Oil and asphalt. The refinery’s operations are below capacity mainly because of its size and configuration.
It is constrained by the number of barrels it can process, the quality and the kinds of value added products which it is unable to produce. These constraints are to be addressed by the proposed Refinery Upgrade Project (RUP), under which its capacity is to be increased to 50,000 barrels per day and improve its ability to produce a larger volume and range of value-added products.