The PPP/C government believes that a “nonsensical” inclusion for evaluation of tender documents set by the former APNU+AFC administration as part of the criteria for bidders wanting to market Guyana’s oil, led to 28 of 29 companies being recently deemed non-responsive.
Government is now mulling the removal of the criteria and inviting all companies which submitted proposals, to resubmit their documents. At a press conference on Tuesday, Vice President Bharrat Jagdeo said that the process of selecting a company will be completed by the time this country’s next 1 million barrel share comes around again, sometime in April.
Russian company, Lukoil Pan Americas LLC was the lone company which met the criteria set out. That company is a subsidiary of marketing and trading company LITASCO SA.
