Oil advisory board to “review” exploration contracts

In news from the oil front, today the Government of Belize has announced the appointment of a petroleum advisory board. Members are: Ismael Fabro, Dr. Carla Barnett, Hugh O’Brien, Cresencio Sosa, Andre Cho, Andrew Marshalleck, George Sosa, Eamon Courtenay, Lennox Neal and international oil expert Dr. Ram Ramanathan.

According to a government release, the first mandate of the board will be to “review current exploration contracts in light of the recent oil discovery … and make recommendations … for the proper management and improvement of revenue generation for the benefit of Belizeans.”