The Ranking Member on the Mines and Energy Committee of Parliament, Adams Mutawakilu, has indicated that Members of Parliament were not given enough time to scrutinize the re-negotiated oil deal with Aker/AGM Petroleum.
The Minority claims that the country has been shortchanged in the re-negotiation of the terms claiming that the country’s stake in the South Deepwater Tano Oil Block has been whittled down from 43% to 18%.
Speaking on Joy Fm’s news and current affairs programme, Newsfile monitored by Modernghana on Saturday, Adams Mutawakilu indicated that copies of the documents of the re-negotiated agreement were only given to the Committee on Thursday to scrutinize and make recommendations to Parliament for approval within 24 hours on Friday.
He argued that the Minority was of the view that the reasons offered for the re-negotiation of the fiscal terms of the agreement were not material enough to warrant a re-negotiation.
Adding that it was based on these same reasons that the dismissed Former Minister of Energy, Boakye Agyarko refused to grant the request of a renegotiation during his tenure.
However, government managed to get the agreement approved in Parliament on Friday, May 3, 2019.