Wednesday, November 22, 2017

Swift, transparent probe needed*


There should be no further delay in vigilant investigation and fulsome criminal prosecution of anyone associated with fraud and serious misconduct alleged in Petrotrin’s audit report into volume discrepancies between crude oil produced by A&V Gas and Oil and that received and paid for by State-owned Petrotrin.
The August 17 internal audit report was sent to Petrotrin president Fitzroy Harewood on the same day, making it 27 days to date that the oil and gas company’s executive has been in possession of these serious allegations of corruption that have reportedly cost the country $78.2 million. Just four months ago, during the period of alleged padding of the volume of crude oil pumped to Petrotrin from its Catshill field, Mr Harewood told an Energy Chamber collective that “increasing Petrotrin’s crude oil production was key to the company’s survival” at a time when the company was facing blows over its poor health, safety and environmental standards.
He claimed then that Petrotrin was already increasing its production, citing an increase from 41,000 to 46,438 barrels a day. 

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