To date, the NIBJ has overseen the divestment of 80 public entities.
Petrojam: In 1994 the NIBJ solicited proposals for the purchase of Petrojam, Jamaica's sole oil refinery.
Although NIBJ continues to receive sporadic proposals for purchasing Petrojam from other consortia (most without clear financial backing), in the absence of a new Government mandate, NIBJ refuses to consider Petrojam divestment.
companies that had submitted offers in 1996 were approached by NIBJ on behalf of the Government.
In 1998, NIBJ was given the responsibility for coordinating the privatization.
However, please note that applications will not be accepted by NIBJ until an advertisement inviting investment has been placed in the press.