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Announcement for Venezuelan clinker deal postponed
2013-09-11 15:14:26 | (0 Comments)
The formal announcement of a deal for Jamaica to export clinker to Venezuela was cancelled today.
The deal that would see the Caribbean Cement Company Limited (CCCL) supplying clinker to Corporación Socialista del Cemento in Venezuela was to be announced by Phillip Paulwell, Minister of Science, Technology, Energy and Mining at a press conference in New Kingston.
Late Tuesday evening, however, the event was postponed "due to unforeseen circumstances," according to a news release from CCCL.
Clinker is an intermediate stage of cement production, which accounts for about 95 per cent of the material used for ordinary Portland Cement.
Under the Trade Compensation Mechanism of the PetroCaribe energy cooperation agreement between the government of Jamaica and the Bolivarian Republic of Venezuela, Jamaica is allowed to settle a portion of its oil debt to Venezuela through the export of goods and/or services.
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Source: The Gleaner/Power 106 News
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