JGRA supports strategic review of Petrojam
Published:Tuesday | July 3, 2018 | 4:50 PM
The Jamaica Gasolene Retailers Association (JGRA) has joined calls for a strategic review of Petrojam's management, operations, and long-term commercial viability.
The JGRA said it welcome steps taken by Prime Minister Andrew Holness to intervene at the state-owned oil refinery.
The association underscored that the operations of Petrojam have a direct impact on the petroleum retail trade.
It says the move to establish a special enterprise team to conduct and oversee the organisational and strategic review of Petrojam could augur well for the industry should its members be drawn from the industry's stakeholders.
The JGRA has written to the prime minister outlining its concerns as listed below :
* To protect the integrity of Petrojam Limited.
* Ensure that its management is effective and efficient to restore confidence in the stewardship of these operations of Petrojam Limited.
* Proper governance structures are established and maintained.
* The overall viability of Petrojam Limited.
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