Calculation of the amount of oil receipts – RAM

“As Minister of Finance, Mr Jordan’s responsibility for the preparation of the National Budget would include the calculation of the amount of oil receipts to be allocated from the Natural Resources Fund to the Consolidated Fund. Any indication, such as Mr Jordan’s statement at GIPEX made to the petroleum world, including the oil companies, that he has not read or does not understand the financial provisions of the petroleum contract should cause compounded concern as we rush headlong into first oil.”

CHRISTOPHER RAM