Business
Jamaica inches closer to join club of oil producing nations
Sunday, July 8, 2012
Jamaica together with its closest southern neighbor Colombia, has conducted a marine life survey that will help to prevent damage to the marine ecosystem when drilling and possible oil production begins within the next two years.
Oil is already mined around much of Colombia’s coast, which is actually closer to Jamaica than the island is to Miami, Florida.
It is believed that Jamaica has the equivalent of up to 3 billion barrels of oil in off-shore reserves.
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