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Reply to "Chris Ram blasts AFC/PNC clowns on Exxon Mobile Contract."

skeldon_man posted:
Django posted:

Glen Lall's paper,

that you labeled as toilet paper,comes to the rescue.

Ironic.!!

For several months, members of the private sector community and even various commentators have issued calls for there to be proper Local Content provisions in place. The Government had promised the citizenry that this would have been secured in the contract it renewed in 2016 with USA oil king, ExxonMobil.
But after a careful examination of the contract, critics have found that the local content provisions secured by the government are trivial or insignificant, to say the least.

Jan 28,2018.

Source

Dear Editor,

A recent article in the Stabroek News ‘No plans to revisit Exxon deal’ (Jan 26) suggests that the Inter-American Development Bank (IDB) was involved in the drafting of the Petroleum Commission Bill:

“…the Inter-American Development Bank (IDB), International Monetary Fund and the Commonwealth had helped with the drafting of the proposed legislation and stakeholders consulted had asked for a revisiting of the bill.”

The IDB was not involved in drafting the Bill which was submitted to the National Assembly in mid-2017.  The IDB provided comments on the Bill only after it was submitted to the National Assembly.  The IDB review was requested by the Ministerial Quintet on O&G and took the form of a clause-by-clause review of the Bill.  The results of this review were submitted in October 2017.

The initial draft of the Bill was submitted by the Commonwealth Secretariat to the Ministry of Natural Resources, and it is likely these two parties collaborated to produce the document submitted to the National Assembly in mid-2017.

Yours faithfully,

Jan Mangal

Petroleum Adviser

 
Django
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