With early tests suggesting the presence of crude oil, the Caribbean island has begun to debate whether it could justify becoming a producer
Jamaica is closer than ever to drilling for oil. Tests on samples from the seabed off the Caribbean island’s south coast earlier this year identified hydrocarbons, which suggest the presence of crude oil below ground.
Jamaica imports all its fuel, which costs about $1.5-2bn (£1.1bn-1.5bn) annually, depending on global oil prices. It is a persistent drag on an economy that generated $4.3bn from tourism, its biggest earner, in 2024.
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This article was originally published by The Guardian and written by Sarah Johnson.
Read original article on The Guardian