The development stages:Feasibility/2017-01.The investment is US$1.3bn.The project seeks to upgrade Petrojam's Kingston refinery and expand its capacity from the current 35,000b/d. Venezuela's state oil firm PDVSA has a 49% stake in the Kingston refinery through its distribution subsidiary PDV Caribe S.A., which in turn is responsible for implementing the Petrocaribe energy cooperation initiative ratified by 18 member countries of Latin America and the Caribbean. Jamaican refiner Petrojam owns the balance. The project has been pushed back until 2015 due to the high costs of investments.