Latest update February 16th, 2025 7:49 PM
Latest News
- Oil in Liza 1, 2 and Payara to be drained in less than five years
- ExxonM does not deny paying taxes in Bahamas but tells K/News to focus on how the oil deal is delivering money to Guyana
- Thousands take part in London rally against Donald Trump’s Gaza plan
- Govt. aggressively pursuing digitizing of health sector – Pres. Ali
- 275 cases of child abuse recorded in 2025 – Min. Persaud
Jagdeo commits to releasing oil permits APNU+AFC kept hidden
Kaieteur News – Vice President, Dr. Bharrat Jagdeo on Friday said that the government would release the oil permits the former David Granger administration granted to ExxonMobil but did not release. These are the permits for the first two field developments, Liza Phases One and Two, as well as the corresponding environmental permits.
Vice President, Dr. Bharrat Jagdeo
Jagdeo made this commitment during a press conference, and urged the media to critically analyse the differences between the Payara permit and the Liza permits. When informed that the media did not receive these documents, the Vice President said that he will ensure they do. He is of the view that the People’s Progressive Party Civic (PPP/C) has significantly improved upon the mistakes of the Granger administration.
“So look at the petroleum licence for Liza that Trotman signed, and do a comparison with the petroleum licence for Payara that we signed.” He said. “And therein, you will see the massive improvements and how we have moved to protect our patrimony.”
He said that these improvements are there to ensure that the third development, Payara would be executed in a more environmentally safe manner, among other critical considerations.
“Not necessarily from the fiscal perspective,” Jagdeo stated, “because that is subject of another agreement, but definitely in terms of making sure that we can adequately manage this area through information flow, to see that we’re getting our fair share of the deal… in terms of production; secondly, to see that the development offshore is done in an orderly fashion; thirdly, that we do it in an environmentally safe manner; fourthly that liabilities are not accrued to the state.”
The Liza Phases One and Two projects were approved by the Granger administration. Not only did the former Government keep the permits hidden, it also refused to conduct sufficient due diligence checks to ascertain the integrity of Exxon’s developments.
This is evidenced by the fact that the Granger administration approved the Liza Phase One permit on the same day that it received the 1,500-page environmental impact assessment from ExxonMobil.
The Payara permit was approved by the Ali administration at the end of September, after contentious review processes, which spanned two governments. Kaieteur News is currently reviewing this permit.
Similar Articles
THE BLUNT OF THE DAY
Sports
Features/Columnists
I don’t remember!
Peeping Tom… Kaieteur News- I have an uncle, Morty Finkelstein, who has the peculiar habit of remembering things with... more
CARICOM Nations Should Respond Together To new U.S. Policies
By Sir Ronald Sanders Ambassador to the US and the OAS, Sir Ronald Sanders Kaieteur News-Two Executive Orders issued by U.S.... more
Weekend Cartoon
