Legislation aimed at taking back Venezuela’s shares in Petrojam to be brought before Parliament next week

by January 16th, 2019

Attorney General Marlene Malahoo Forte has indicated that the legislation aimed at taking back Venezuela’s shares in Petrojam will be brought to the House next week.

This announcement in Parliament was however criticised by the Opposition who thought it premature, and who also demanded that government reverse its decision on the take back.

Malahoo-Forte’s announcement was in response to questions posed by MP Julian Robinson, who raised concern about possible legal implications and uneasiness from other foreign investors.

She also sought to outline Jamaica’s considerations that led to its vote at the Organisation of American States, recently.

But, Opposition Leader Dr Peter Phillips said the government needs to restore Jamaica’s reputation.