President to check status on first audit of oil and gas sector

President Irfaan Ali has promised to check on the status of Guyana’s first audit of the oil and gas sector which was conducted by the United Kingdom-based HIS Markit on the US$460 million pre-contract costs.

“I have to follow up where this is and will definitely communicate,” Ali responded when asked for an update on the report that has been completed more than a year ago.

In the face of concerns that his administration has only paid lip service to transparency in its stewardship of the oil and gas sector, Ali had in August of this year, said that government is building a dedicated website to publish all available information.