Jamaica proposes to teaching Venezuelans English for oil debts

Aquinhaiti4ever

Registered User
(Jamaica Gleaner) JAMAICA WILL, this weekend, seek to have Venezuela agree to a proposal for the training of Venezuelans in English language as part of a programme to offset oil debts.

Phillip Paulwell, Jamaica’s minister of science, technology, energy and mining, who leaves the island for Port-au-Prince, Haiti, today, said he is expecting a positive response to the proposal.

“By the end of the weekend, I will be able to report on it,” Paulwell told The Gleaner.

Paulwell will be attending the 11th meeting of the PetroCaribe Council of Ministers and the second meeting of the PetroCaribe Economic Zone.

“We are continuing our discussions with Venezuela in relation to trade-compensation mechanism, and we expect a very positive outcome on a proposal that they are contemplating,” Paulwell told The Gleaner yesterday.

Under the PetroCaribe arrangement, Jamaica pays Venezuela only 60 per cent of the cost of the oil it receives. The remainder is set aside as a loan, which is payable over 20 years at an interest rate of one per cent.

Since 2005, more than US$2.3 billion has accrued to Jamaica under the arrangement.

SHIPPING CEMENT PROPOSED

Paulwell said yesterday that the trade-compensation mechanism being contemplated would also see Jamaica shipping cement to the South American country.

In the meantime, Paulwell has said he does not expect the matter of the interest rates under the agreement to be raised at the meeting.

In August, Paulwell has refuted media reports of plans by the Venezuelan government to increase the interest rate on loans provided under the PetroCaribe Agreement.

Paulwell will be accompanied by Dr Wesley Hughes, chief executive officer of the PetroCaribe Development Fund; Sharon Webber, Jamaica’s ambassador to the Bolivarian Republic of Venezuela; and Christopher Cargill, chairman of the Petroleum Corporation of Jamaica Group.
 

Taj

Loyalty to Loyalty
is there any meaningful research being done at UWI in solar and wind??
i don't know about R&D but there are feasibility studies and I believe there is a wind farm and solar farm (currently under construction)
Windfarm operators aim to slash over J$1b from oil bill - Business - Jamaica Gleaner - Monday | January 14, 2013
Jamaica to get largest Caribbean solar farm - Business - Jamaica Gleaner - Thursday | January 26, 2012

Also I know jamaican home owners that have installed their own solar PV and take minimal amounts of power from the grid.

slowly but surely.
Renewable energy is expected to represent some 20 per cent of the country's energy mix by 2030.

Read more: http://www.caribbean360.com/index.php/business/615713.html#ixzz2eQ3S4e50
 

jamaicangirl

Boonoonoonoos
And i imagine its much cheaper to go to Trinidad than Jamaica without this deal. My question is, is there really such a demand that Venezuela would need another source?
Yeah. That is what I am saying, too. I don't know the answer. Seems strange to me. Jamaican teachers are well known and are exported all over the world so maybe it has something to do with that reputation.
 

Oneshot

where de crix
This is socialist experiment, the Cubans and Venezuelans have a similar agreement, Cuba doctors provide free medical services, in exchange for oil from Venezuela.
 

bktrini305

Registered User
i don't know about R&D but there are feasibility studies and I believe there is a wind farm and solar farm (currently under construction)
Windfarm operators aim to slash over J$1b from oil bill - Business - Jamaica Gleaner - Monday | January 14, 2013
Jamaica to get largest Caribbean solar farm - Business - Jamaica Gleaner - Thursday | January 26, 2012

Also I know jamaican home owners that have installed their own solar PV and take minimal amounts of power from the grid.

slowly but surely.
See, that's my thing, it should be a Jamaican, Trinidadian or Barbadian firm building the wind farm. There is a perfectly good Engineering School right in the region. No companies there could do it? They had to go quite Canada?
 
N

NaturalBornRidah

Guest
This is socialist experiment, the Cubans and Venezuelans have a similar agreement, Cuba doctors provide free medical services, in exchange for oil from Venezuela.
The Cubans lend their doctors in other countries for non profit basically and have been doing so for years.Basically to every 3rd world country Cuba and Venezuela have had good relations for years,Chavez looked up to Castro as a mentor.



See, that's my thing, it should be a Jamaican, Trinidadian or Barbadian firm building the wind farm. There is a perfectly good Engineering School right in the region. No companies there could do it? They had to go quite Canada?
None of those countries have the funds or ability to undertake a project like that. Plus this kind of technology does exceed the bounds of CARICOMs technological capability.
 

Taj

Loyalty to Loyalty
And i imagine its much cheaper to go to Trinidad than Jamaica without this deal. My question is, is there really such a demand that Venezuela would need another source?
Yeah. That is what I am saying, too. I don't know the answer. Seems strange to me. Jamaican teachers are well known and are exported all over the world so maybe it has something to do with that reputation.
IMO its simply a way to continue the social reform agenda of chavez
ppl are members of petrocaribe b/c they can't pay the actual cost of the energy they need. Chavez b/c of his views set it up so they can have what they need, this is simply a way for them to not further cripple these countries with debt (the remaining 40% of the cost of fuel) and let them have some dignity.

When the teachers go there, who is paying their salary, who is giving accommodation? IMO this is a writeoff. PetroCaribe isn't sustainable for Venezuela at all. And this may be a way to reduce debt on the books so they can try to get more foreign loans.

I wish em luck and I guess even with ECGP nothing will change cos PetroCaribe is like the mafia.
 

Taj

Loyalty to Loyalty
See, that's my thing, it should be a Jamaican, Trinidadian or Barbadian firm building the wind farm. There is a perfectly good Engineering School right in the region. No companies there could do it? They had to go quite Canada?
Its RE technology high CapEx what do you expect? Even in Trinidad there are production sharing agreements between companies and the gov't so the govt doesn't have to spend on extraction infrastructure (high sunk costs).

Plus have you seen the facilities and infrastructure or the difference in the R&D allocation and done a comparison? In such a case why not facilitate knowledge transfer so that they can get to the point of Canada in the future. These countries don't simply have billions to pursue every worthwhile project. The human element is there but the funds needed for the development projects are absent.
 
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