International firm, consensus ToR needed for credible probe of oil licences

Guyana’s oil & gas point man – Bharrat Jagdeo

Although saying he would support an investigation of oil exploration agreements that were made while the People’s Progressive Party/Civic (PPP/C) was in office, Opposition Leader Bharrat Jagdeo yesterday maintained that it would have to be conducted by an international firm that is agreed to by all the political parties as well as the private sector.

Asked at a news conference what features of a credible investigation he foresaw, Jagdeo also said that it must have clearly defined terms of reference (ToR).

Jagdeo has already said that his party will support an investigation of the award of exploration licences shortly before the 2015 general elections once it is led by an internationally recognised firm and not the State Assets Recovery Agency (SARA), which it believes is biased.

He maintained yesterday that the investigation must be done by an international company which is not based here and added that the company must be agreed to by all parties involved.