HomePaís PetróleoGuaidó, corruption, Caricom and the $215 million that Jamaica owes him...

Guaidó, corruption, Caricom and the $215 million that Jamaica owes PDVSA

The government of Jamaica refuses to pay the fair price for the 49% of PDVSA shares expropriated from the Kinstong Refinery, making use and abuse of the state of international anomie created by Barack Obama's decree and the series of 936 coercive measures, illegal and unilateral actions applied by the US government against the Venezuelan people.

And in terms of oil, Jamaica is not the only debtor to the Homeland of Bolívar. The list of countries is long; and includes many who took advantage of the supportive energy initiatives adopted by President Hugo Chávez, in his efforts to make Venezuelan oil a tool to lift the people of Latin America and the Caribbean out of poverty, fundamentally.

Here we will publish which countries and how much each one owes, but the prolegomena of this series is marked by the vomiting stinging and irritation produced by the member nations of the Community of Caribbean States, Caricom, the same ones that submissively accept the request of the employee of the ExxonMobil that presides over Guyana, Irfaan Alí, to vote against the “bellicose” Venezuela, interested in “taking away” the Venezuelan Essequibo from its “weak” country.

For none of them, and even less so for Guyana itself, it has validity, meaning and support that Venezuela has never invaded any country. That it is demonstrable and has been demonstrated, with solid legal, moral and ethical arguments, that the Paris Award of 1899 is irritable and illegal, for being a fraudulent pact concocted in the collusion between the United States, Tsarist Russia and the Victorian Kingdom of England, without the presence of any Venezuelan.

That the Geneva Agreement of 1966 was irremediably accepted and signed by the colonialist and earth-eating Kingdom of England, thus leaving evidence that the Paris Award of 1899 is a rotten result of a distribution maneuver between the powers of the time, where Venezuela It was assigned to take away 159.400 square kilometers of its territory.

Only behind the scenes, in contexts outside of Caricom, some leaders of Caribbean countries recognize that genuine Venezuela, expressed in the Bolivarian Government, had the initiative to create alliances to overcome poverty and create more independence and sovereignty in all nations, one one of whose agreements was PetroCaribe, with which they could acquire Venezuelan oil at solidarity prices with preferential and flexible payment mechanisms.

Even the PetroCaribe agreement provided subsidies for housing, school sanitation, assistance to children in poor communities, and investment in infrastructure.

And the essential thing: PetroCaribe guaranteed the supply of oil through its transfer in ships, construction of storage tanks, the construction of Refineries, an entire core system from upstream that in many cases even included the supply of gasoline and lubricants in the Service Stations.

And since everything in the hydrocarbon industry needs capital, technology, and specialized labor, since there is plenty of market, Venezuela, always supportive, put all these ingredients through PDVSA in conditions far removed from commercial voracity, with preferential formulas and plans. pay.

Today we will talk about Jamaica, from which Venezuela demands a fair payment of 215 million dollars for having taken for itself 49% of the shares of the Kinstong Refinery, which were owned by PDVSA, without mentioning the theft of oil and assets committed. by government officials and by the employees of the refinery of that country and of PDVSA itself against the industry, that is, against the solidarity idea of ​​Hugo Chávez.

Let's start

In 2006, at the initiative of President Hugo Chávez, through PDV Caribe, PDVSA acquired 49% of the Kinstong refinery, from the Petroleum Corporation of Jamaica, PetroJam, owned by the Jamaican Government, within the Petrocaribe Energy Cooperation Agreement.

The words of the former Executive Director of the PetroCaribe Development Fund, Wesley Hughes, are enough to justify this initiative. In 2005 he told Caribbean Investigative Journalism Word: "The price of oil on the world market skyrocketed enormously. And most oil-importing countries in the region were suffering significant foreign exchange losses and were having a difficult time. He líder of the region, headed by President Chávez, along with other líderCaribbean countries met and had a debate on the possibility of some agreement to alleviate the burden on oil-importing countries. "The Venezuelans came to help," he said.

“None of the multilateral organizations were lending to us. The financial markets were closed. The only real source of financing for Jamaica was Venezuela, which became the most important source of bilateral assistance in Jamaica through the PetroCaribe agreement and that literally saved Jamaica financially,” she expressed.

«There was no directive or order from Venezuela saying that you should invest in that or you should do that. The only requirement requested by Venezuela was that after the two-year grace period, you begin to repay the loan at one percent or two percent annually.”
Pdvsa immediately did its part to begin the work of expanding and modernizing the Refinery, in which the Venezuelan Leona 22 crude oil was going to be processed. The renovation works would be completed in 2009 and would increase the processing capacity from 35 thousand to 50 thousand barrels a day.

During the agreement, Jamaica accumulated more than 3 billion Jamaican dollars in debt to Venezuela. Hughes maintained that, unlike other Caribbean countries that could not pay, Jamaica had "no difficulty in paying Venezuela."

Through the Ministry of Finance and the Civil Service, the Government of Jamaica negotiated with Venezuela to return only 1.500 billion Jamaican dollars, a discount of almost 50%.

But initiatives of this type were not congenial to the policy of national interests of the United States. The imposition of Barack Obama's decree, which describes Venezuela as an "unusual and extraordinary threat", and the aggressive sanctioning of Donald Trump's government, manage to remove PDVSA from the international financial circuit and thereby slow down the process of modernization of the refinery.

Furthermore, sanctions foster an environment of ambiguity, anomie and a vacuum of authority that facilitate and enhance belligerent conduct and corruption as a political and economic weapon, which is evident, in 2019, in the report of Auditor General Pamela Monroe Ellis. , made to the Refinery.

The outlet says the audit results reveal that “over the past five years, Petrojam recorded total estimated oil losses of two million barrels worth approximately J$18 billion.”

It claims that the audit of the refinery revealed that, while Petrojam identified oil losses in an inexplicable manner, it was also unsuccessful in addressing this problem despite having spent $990.811 on implementing measures aimed at minimizing oil loss. The oil was being stolen. And no one within PDVSA was willing to repress the diversion of fuel.

He also cites former PDVSA security and risk analyst, José Chalhoub, who goes further with his evaluation of what happened at Petrojam. «There is no permanent representation of Venezuelan labor there (in Petrojam), only a manager. What can I say? "The security problems on the island were threatening," he said, suggesting that there was also little or no oversight by Venezuela and PDVSA.

Chalhoub backed up the report's conclusions by confirming that the oil was being stolen. And no one within PDVSA was willing to repress the diversion of fuel.
In this context, the Jamaican government takes advantage of the void of authority intentionally created and implicit around the figurehead invented by Trump, Juan Guaidó, and together with the difficulty of the Bolivarian Government to act, unilaterally and arguing to avoid possible US sanctions. , in June 2019 set the price at its discretion and appropriated 49% of the refinery's shares that were in the hands of PDVSA. He says they're worth $40 million.

It even retains the money, justifying the alleged ambiguity regarding which governmental body in Venezuela should pay the expropriation of 49% of the shares that PDVSA had: whether to the government headed by Nicolás Maduro or to the fiction represented by Guaidó's puppet.

A pending task is to find out the acts of corruption committed against PDVSA in Jamaica, the amounts of which must be added to the 215 million dollars that the government of that country owes to the Bolivarian Republic of Venezuela for having expropriated, at the price of its convenience, the 49% of the shares of the Kinstong Refinery.

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