FAR/CNOOC partnership might have Senegal govt's blessings, page-20

"Speaking of A2 we must be getting close to government approval?"

Let's hope so. It appears that Barrow has a few (legacy) transparency issues to work through before we get there - not only for A2 and A5, but also with A1 and A4.

gh.

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Link:

http://sidisanneh.blogspot.com.au/2017/04/gambias-petroleum-sector-is-opaque-for.html?m=1

Excerpt:

Since the Erin-FAR deal is subject to government approval, the Barrow government must revisit this particular contract Agreement i.e. between Erin (formally CAMAC) and Yaya Jammeh. Pertinent issues must be raised with Erin (for Blocks 2 and 5) and African Petroleum Corporation (for Blocks 1 and 4) including the amount paid for the two licenses and to whom the monies were paid.

The circumstances that led African Petroleum Corporation's (APC) withdrawal of its arbitration request with the World Bank's International Center for Settlement of Investment Disputesafter its license for Blocks 1 and 4 were terminated by Jammeh only to be reinstated without explanation must also be explained. Were the terms and conditions maintained as previously or were they varied? Obviously, more questions must be raised by the Barrow administration about all of these contracts and satisfactory answers provided by both APC and Erin.

Gambia's energy/petroleum sector is opaque for a reason. It allowed Jammeh to negotiate these deals personally with a select number of civil servants being privy to the details of the Agreement when these concessions should have been publicly tendered for transparency.

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