Petro­jam ex­pects full pay­ment for lat­est de­liv­ery to Aegean Marine

Daily Observer (Jamaica) - - NEWS -

PETRO­JAM Lim­ited has dis­missed claims by Op­po­si­tion spokesman on en­ergy, Phillip Paulwell that the lo­cal re­fin­ery is owed US$3 mil­lion by Aegean Marine Pe­tro­leum.

In a me­dia state­ment, Petro­jam said that all amounts ow­ing for de­liv­er­ies made to Agean prior to Novem­ber 4 this year have been fully set­tled.

“The last de­liv­ery to Aegean was loaded on Sun­day, Novem­ber 4, with ap­prox­i­mate value of US$370,000. Petro­jam has been in di­a­logue with Aegean and we ex­pect this amount to be paid in full,” the state­ment, signed by Gen­eral Man­ager Win­ston Wat­son, said.

“Petro­jam has had a long-stand­ing re­la­tion­ship with Aegean Marine Pe­tro­leum since 2005, and they have al­ways main­tained an im­pec­ca­ble pay­ment record,” the state­ment con­cluded.

Paulwell, speak­ing in the the House of Rep­re­sen­ta­tives on Tues­day, called on Prime Min­is­ter An­drew Hol­ness to in­form the coun­try, whether the State-owned oil re­fin­ery was at risk of los­ing al­most $400 mil­lion due to the bank­ruptcy of Us-based Aegean Marine Pe­tro­leum Net­work.

Paulwell said that in­for­ma­tion he had ob­tained sug­gested that the com­pany owes Petro­jam US$3 mil­lion in un­se­cured pay­ments.

Petro­jam’s bunker­ing op­er­a­tions in­cludes a sup­ply agree­ment with AEGEAN Marine Pe­tro­leum SA Ltd of Liberia, through its lo­cal sub­sidiary AEGEAN Bunker­ing Ja­maica Ltd, for sale of bunker fu­els for ves­sels out­side of Kingston.

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