Petrojam Limited is Jamaica’s only petroleum refinery, fully owned by the government. It produces a range of petroleum products, including gasoline, diesel, LPG, and jet fuel, while also offering quality control services through its laboratory.
Founded in 1982 after the government acquired the ESSO Kingston Refinery, it was partly privatized in 2006 with 49% ownership sold to Venezuela. In 2019, the government reacquired full ownership. Petrojam serves various sectors, including power producers and aviation, and is committed to delivering high-quality products on time.
The General Manager is responsible for the daily management of the refinery, while ultimate authority rests with the Board of Directors, which is comprised of seven members.
Business Strategy: Petrojam’s strategy focuses on ensuring long-term competitiveness and survival by diversifying its product mix, increasing operational efficiencies, improving risk management, and retaining a talented, high-performance team.
During the 2026/27 financial year into the medium term, Petrojam intends to diversify its operations to adapt to market and environmental changes through a combination of plant upgrade and improved operational efficiency. Petrojam is projecting a net loss of US$9.63 million for the 2025/26 financial year.
