March 26, 2018
PRIME Minister Hubert Minnis looks on as Oban Energies’ non-executive chairman, Peter Krieger, signs the heads of agreement. Krieger has since resigned from the company following public scrutiny. Photo: Yontalay Bowe/OPM Media Services.
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THE controversial Oban Energies deal proposed for Grand Bahama is still under review by the government, Deputy Prime Minister Peter Turnquest said yesterday.It has been four months since the government signed the heads of agreement for the $5.5bn oil
ATTORNEY General Carl Bethel sought to allay fears of “ordinary Bahamians” concerning due diligence involving the controversial $5.5bn Oban Energies deal, saying if the government decides the project cannot be done in an environmentally safe way, additional safeguards can be proposed.
AS the $5.5 billion Oban Energies project forges ahead, some business and oil industry insiders are unconvinced a viable market exists for an oil refinery in the Bahamas and want to see the feasibility study conducted for the project.
OBAN Energies has been the talk of the town for well over a month. Certainly, more grey hairs must be popping up all over the prime minister’s head as what he thought would have been a huge win for an administration struggling to endear itself to the Bahamian people. Prime Minister Minnis beamed like a teenager on prom night sitting on the right of the now infamous Peter Krieger on the fateful day the Oban powder keg fuse was lit to explode.