President orders probe of how oil audit figure cut

Vickram Bharrat

Jagdeo: “Somebody has to give explanation how they engaged with Exxon and we have to have a policy with people who are at the technical level”

President Irfaan Ali has ordered that an investigation be swiftly conducted to determine who authorised personnel at the Ministry of Natural Resources to bypass advice from the Guyana Revenue Authority (GRA) and enter into direct negotiations with ExxonMobil to reduce US$214 million in questionable claims flagged by IHS Markit to US$3 million.

“I spoke with President Ali and I agree that there should be a full investigation of this matter and the Minister (of Natural Resources) still has to give a full report to the cabinet on what took place,” Vice President Bharrat Jagdeo yesterday told a press conference.