Latest update April 18th, 2024 12:59 AM
Jun 01, 2019 News
By Kiana Wilburg
In a three-page statement to the media yesterday, Former President Donald Ramotar took time to pronounce on the application and
approval process that was followed when he signed away two key oil blocks just days before the 2015 General and Regional Elections.
He even dedicated several paragraphs to the APNU+AFC Government’s poor management of the oil sector. But the multibillion-dollar question Ramotar avoided answering was why he signed away oil blocks in very deep waters to firms which do not have experience in deepwater exploration. The Canje Block was awarded to Mid-Atlantic while the Kaieteur Block was awarded to Ratio Energy.
This newspaper carried a comprehensive report yesterday exposing the fact that Ramotar told the media on several occasions that he had no idea oil was found when he signed away the blocks. However, the State Asset Recovery Agency (SARA), which is investigating the matter, has its hands on an advertisement that was published in all the local newspapers on May 8, 2015 with the screaming headline: “…U.S OIL GIANT EXXON STRIKES OIL IN GUYANA…” This ad, which contradicts Ramotar’s comments in the media, is one of the reasons why SARA is moving ahead with its probe.
But Ramotar insists that his actions were transparent. He explained in his missive to the media that the applications by companies for exploration in the Kaieteur and Canje Blocks date back to 2012 and 2013 respectively.
The former President said that both applications were processed and approved by the Guyana Geology and Mines Commission (GGMC) in accordance with the relevant laws and regulations around late 2013. He said that all fees paid were fixed by law and were paid to the GGMC, not to any private accounts.
Further to this, Ramotar said that while the applications were in the system since 2013 and 2014, delays in the signing of the agreements were due to matters surrounding Venezuela’s navy seizure of Anandarko contracted seismic vessel Technic Pardana in late 2013.
PPP MAY 8, 2015 AD
Ramotar said that at the time of application, processing, approval and signing of the Petroleum Prospecting Licences for the Kaieteur and Canje Blocks in Guyana’s offshore basin, there was no confirmed commercial petroleum discovery in the area by ExxonMobil or any other company.
He even pointed to the PPP/C advertisement, saying that it substantiates his position. The former President quoted the advertisement, in part: “An Exxon oil exploration well …offshore Guyana has discovered hydrocarbons, a strong indicator of the evidence of oil.”
What the former President fails to highlight is that the same advertisement which was carried just days after he approved the licences, carries a headline in bolded caps which state: “BREAKING NEWS…U.S OIL GIANT EXXON STRIKES OIL IN GUYANA…”
PROBE WELCOMED
Like Opposition Leader Bharrat Jagdeo, Ramotar said that he welcomes any investigation that is done on the matter but stressed that it should be conducted by an independent and impartial international firm.
He said, “…No Guyanese can expect a non-partisan investigation by SARA. Any unbiased, professional independent review will once more confirm all due legal processes were followed and during the PPP/C time in office the country’s best interest was served, given the realities of the day…”
The former President concluded that the PPP/C has nothing to fear from an independent investigation.
JAGDEO ADDING MORE DANGER TO GUYANA AND THE REGION
Apr 18, 2024
SportsMax – West Indies captain Hayley Matthews has been named Wisden’s leading Twenty20 Cricketer for 2023, as she topped all and sundry, including her male counterparts. Alan Gardner looks...Kaieteur News – Compliments of the Ministry of Education, our secondary school children are being treated to a stage... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]