Portfolio minister Senator Aubyn Hill is joining the Ministry of Industry to congratulate Petrojam Limited on securing a significant fuel export agreement with Trinidad and Tobago. 

The historic US$90 million (J$14 billion) deal sees Petrojam exporting nearly one million barrels of very low-sulphur fuel oil (VLSFO) and high-sulphur fuel oil (HSFO) to Trinidad and Tobago throughout 2025.

Under the terms of the agreement, Petrojam will export between 60,000 and 90,000 barrels of fuel per month to Trinidad, primarily for ship refuelling. The first shipment successfully departed Jamaica on January 25 and was received in Trinidad and Tobago four days later.

The milestone achievement is the result of strategic collaboration between the ministries of industry, foreign affairs and science, as well as the State-owned refinery.

Jamaica updated the Council for Trade and Economic Development (COTED) on Petrojam’s capability to produce and supply refined petroleum products through concerted efforts, and successfully advocated, in May 2024, for Petrojam to be granted consideration with respect to the annual requirements of these products by member states. 

The Ministry of Industry and Commerce was instrumental in working with Petrojam to develop and advance the relevant explanatory note which positioned Petrojam as a capable producer and reliable supplier for the region.

Hill lauded the agreement as a major step forward in boosting our export sector, strengthening Jamaica’s economic growth and advancing its global competitiveness.

“This is a significant achievement for Jamaica as this country demonstrates its strength and capability on the regional stage. This agreement is a testament to our commitment to economic expansion, trade growth, and securing a prosperous future for our people. By tapping into new markets and leveraging our strategic advantages, we are setting the foundation for sustained growth and regional prominence”, said Minister Hill.

This move represents a significant step forward in Jamaica’s efforts to expand non-traditional exports and increase foreign exchange earnings.

Minister Hill also called on other industries to follow Petrojam’s lead in seeking new markets and boosting productivity.

“We cannot afford to be stagnant. Every Jamaican business – whether in energy, manufacturing, agriculture, or services – must embrace the export imperative. We must be innovative and practice a robust ingenuity. A stronger export sector means a stronger Jamaica.”