Tag Archives: Ratio Energy.

Ramotar fails to explain giveaway of oil blocks to unknown companies

Kaieteur News – 01 June 2019- 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.

Former President Donald Ramotar

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. Continue reading