Presidential committee starts probe into crude oil pre-sale arrangements

A committee set up to investigate mechanisms used in pre-sales of the country’s crude oil has started its work.  

 

The seven-man team led by cabinet Affairs Minister Martin Elia Lomuro was announced in a Presidential decree yesterday and is tasked with investigating the pre-sale process, payments and taxes as well as engaging the auditor general to audit pre-sale practices. 

 

The committee will work with the auditor general’s office and the ministries of Finance and Petroleum. The team is expected to submit their findings within 14 working days.

 

Presidential spokesperson, Ateny Wek Ateny explained to Gabriel Shadar in this interview that the team will ultimately determine whether there was any abuse in the pre-sale process.