PPP Government: Canje, Kaieteur Blocks awarded to four companies with no financial wherewithal for exploration
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– Audited Finance statements and records of beneficial owners not submitted for EITI Report
When a government wants oil companies to explore the potential of a country’s resources, they court firms that have a track record of finding oil and gas. But that has not been the case here.
Days before the 2015 General and Regional Elections, former President, Donald Ramotar acted in a manner that was contrary to this international best practice.
Ramotar signed away the Canje and Kaieteur Blocks, which total over 4.8 million acres, to four companies which have no track record of exploring for oil prior to 2015. Continue reading
