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Jamaica Benefits from Petro-caribe Arrangement

Chief Executive Officer of the Petro-Caribe Development Fund, Dr. Wesley Hughes.

The PetroCaribe arrangement has resulted in the financing of projects worth US$5 billion over the past 13 years. Chief Executive Officer of the Petro-Caribe Development Fund, Dr. Wesley Hughes, made the announcement while speaking at a ceremony held yesterday (September 6) at the Simón Bolívar Cultural Centre, 10-12 North Parade,…

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PetroCaribe Trade Compensation Mechanism Activated

Cabinet has approved a reactivation of the trade compensation mechanism, up to a value of US $4m, under bilateral arrangements in place with the Bolivarian Republic of Venezuela. The PetroCaribe Agreement provides that loan repayments to Venezuela may be made by way of goods and services, valued at preferential rates under…

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Venezuela Committed to PetroCaribe

Despite facing economic challenges, the Venezuelan Government has reiterated its commitment to maintaining its arrangements with Jamaica under the PetroCaribe Agreement. The President of the Bolivarian Republic of Venezuela, His Excellency Nicolás Maduro Moros, along with a delegation of government officials, was in Jamaica on a working visit from May…

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Jamaican Embassy Promoting Business Opportunities in Venezuela

The Jamaican Embassy in Venezuela is seeking to strengthen business ties between the island and the South American country. Ambassador to Venezuela, Her Excellency Sharon Webber, said that trade and tourism are significant areas which the embassy will be promoting. “Even though trade with Venezuela remains quite limited at this…

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Simón Bolívar Cultural Centre Officially Opens

The Simón Bolívar Cultural Centre was officially opened today (September 6), standing as another symbol of the bonds of friendship between Jamaica and Venezuela. Prime Minister, the Most Hon. Portia Simpson Miller and President of the Bolivarian Republic of Venezuela, His Excellency Nicolás Maduro, cut the ribbon at the ceremony…

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Patterson Calls For Construction of Hugo Chavez Academy

Former Prime Minister, the Most Hon. P. J. Patterson, has called for the construction of a tertiary institution in Jamaica to honour the legacy of late Venezuelan President, Hugo Chavez. Mr. Patterson, who was addressing the 10th anniversary commemorative ceremony of the PetroCaribe Agreement at the Montego Bay Convention Centre…

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PetroCaribe A Symbol Of Regional Cooperation – Paulwell

Science, Technology, Energy and Mining Minister, Hon. Phillip Paulwell, says the success of the PetroCaribe Agreement stands as a testament of what can be achieved through regional cooperation. He was speaking at the commemorative ceremony to mark the 10th anniversary of the signing of the agreement held on Saturday (September…

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PetroCaribe A Lifeline For Struggling Caribbean Countries – PM

Prime Minister, the Most Hon Portia Simpson Miller, has underscored the significant impact the PetroCaribe Agreement has had on the economic independence of countries of the Caribbean region. In a statement at the plenary session of the 10th Anniversary Commemorative Summit of the PetroCaribe Agreement in Montego on Saturday (September…

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Reflections The Petrocaribe Agreement The Most Hon. P. J. Patterson, ON, OCC, PC, QC Commemorative Ceremony

Reflections The Petrocaribe Agreement The Most Hon. P. J. Patterson, ON, OCC, PC, QC Commemorative Ceremony Montego Bay Convention  Centre Saturday, September 5, 2015 -.-.-.-..-.-.-. SALUTATIONS The Most Hon. Portia Simpson-Miller, Prime Minister President, Maduro Moros President Raul Castro Ruz Heads of State and Government Ministers Your Excellencies, Ambassadors Ladies…

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Petrocaribe Will Be Strengthened – Paulwell

Minister of Science, Technology, Energy, and Mining, Hon Phillip Paulwell, says that the PetroCaribe Agreement with Venezuela will be strengthened to provide more benefits for Jamaicans. He was addressing a special Jamaica House press briefing at the Office of the Prime Minister’s Western Regional Office in Montego Bay on Friday…

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