Corporate Fact Sheet

Contact Information
Registered Office 96 Marcus Garvey Drive, Kingston 15
Corporate Office 75 Marcus Garvey Drive, Kingston 15
Contact Information
  • Telephone
  • Facsimile
  • Email
  • Website
 

 

Business Summary
Date of Establishment October 1982
Shareholders and Shares
  • Petroleum Corporation of  Jamaica (PCJ) –
    A statutory corporation established under the Petroleum Act of Jamaica
  • PDV Caribe S.A. –
    An affiliate company of Petróleos de Venezuela, S.A., a mercantile society, formed under the laws of the Bolivarian Republic of Venezuela
Address
  • 36 Trafalgar Road, Kingston 10
    Jamaica
  • Edf. Petróleos de Venezuela,
    Calle El Empalme, Avd. Libertador,
    Torre Este, Piso 7,
    Caracas 1060-A,
    Venezuela
Shareholding
  • 51%
  • 49%
Registered Capital US$15,282,000
Main Business Refining crude oil into finished products
Refinery Type/Technology Hydroskimming
Rated Refining Capacity 36,000 barrels/day on 30o API Crude
(equivalent to 32,000 barrels/day on 26o API Crude)
Average Production Rate
(on current crudes -26o  API)
28,000  to 30,000 barrels/day
Products Sold
  • Liquefied Petroleum Gas (LPG) – Propane & Butane
  • E-10 Gasoline (87 and 90 RON)
  • Automotive Diesel Oil
  • Jet/Turbo Fuel
  • Kerosene
  • Heavy Fuel Oil (HFO) – 2 wt% and 3 wt% Sulphur
  • Asphalt
  • Marine Fuels – Intermediate Fuel Oil (IFO 380) and Marine Diesel Oil (MDO)
Services Offered Laboratory Testing

 

Banking Relationship
  • Citibank NA
  • Republic Bank - Trinidad
  • Scotiabank Jamaica Limited
  • Banco LatinAmericano de Exportaciones (BLADEX)

 

Auditor
PriceWaterhouseCoopers Jamaica

 

Corporate Strategies: 2011 to 2016
  1. Financial
    - Increase profitability through improved capacity utilization and product yields
    - Improve Financial Risk Management
  2. Customer/Market
    - Secure and consolidate existing market position
    - Grow exports to profitably dispose of excess products
    - Diversify product mix in keeping with Jamaica’s Energy Policy mandate
  3. Internal Processes
    - Increase operational efficiency of core and support processes
    - Improve operational risk management system
  4. People & Learning
    - Grow and retain a high performance team
    - Retain institutional knowledge

 

Company's Mission
“To refine and supply petroleum products at internationally competitive prices and quality, acting at all times in the best interest of Jamaica and all other stakeholders”.

 

Company’s Vision
“To be the petroleum product supplier of choice in the region, best at what we do”.

 

Company's Values
  • Customer Focus. We will be accessible to the customer; be sensitive to the customer’s needs; effectively communicate and respond in a timely manner; routinely seek feedback to improve service.
  • Excellence. We will be thorough, accurate and timely in our work; and develop and continuously improve our capabilities.
  • Integrity. We will show respect for time, people and property; be honest, frank and transparent with others; be fair and even-handed with others; and operate to the highest ethical standards.
  • Teamwork. We will communicate openly and effectively with each other; follow through with commitments; support organizational goals and objectives; be committed to the success of the company; share knowledge; encourage participation of others; and recognize and encourage performance and achievement.Commitment to Health Safety & Environment (HSE). We will comply with design and operating standards; immediately address HSE violations; report incidents and hazards promptly; comply with PPE and good housekeeping practices; and willingly serve in HSE programmes.

 

Significant Milestones
Date Events
1964 Refinery
1982 Refinery purchased by the Government of Jamaica and renamed Petrojam 
1986 Established Petrojam Ethanol Limited
1996 Constructed and commissioned a second terminal in western Jamaica
1998 Processing Agreement between EDF MAN Alcohols of London
1990-93 Petroleum Industry deregulated
1999 Joint Venture arrangement with AirBP, resulted in the formation of Jamaica Aircraft Refueling Service (JARS)
1999 Embarked on phasing out of the Top Loading System and implementation of Bottom Loading System which was fully implemented in 2002
2000 Phase out of lead in all gasoline products
2002 Implementation of a comprehensive Process Safety Management System (according to OSHA standards) 
2004 US$10 Million Joint Venture agreement with COIMEX of Brazil, to refurbish the ethanol plant and resume production of ethanol
2004 US$3 Million upgrade of the refinery’s instrumentation system to a computerized DCS process control system.
2005 Agreement with AEGEAN Marine Petroleum SA Ltd. of Greece to supply bunker fuels for vessels outside of the Kingston harbor 
2006 Agreement signed between the Governments of Jamaica and Venezuela for     PDV Caribe to purchase 49% share in the refinery.
2009 Phase out of MTBE and full introduction of Ethanol as an octane enhancer
2009 Completed Front End Engineering Design (FEED) for US$1.3 billion Refinery Upgrade Project (RUP)