Guyoil fuel scandal rumbles on

Oil tanker President, photographed in Santo Domingo last year, remains docked as its owners seek to get it back (marinetraffic.com photo)

Nearly four months later, the 1.1 million gallons of heavy fuel at the centre of a Guyana Oil Company (Guyoil) scandal remains in the custody of the Guyana Revenue Authority (GRA) which now cannot sell it as GPL has declared that it does not meet their specifications, sources say.

The tanker which brought the fuel here also remains docked and under guard at the Guyana Sugar terminal wharf, Ruimveldt, under the watch of the GRA Enforcement Unit, with its owners moving to the local courts to get it back.

Simultaneously, the parties involved are also lobbying GRA for a settlement in return for both the fuel and the vessel and it is unclear if the agency will agree.