Ministry Clarifies Type of Permit that U.S. Capital Received

vlcsnap-2014-05-02-18h49m26s53Today, the Ministry of Energy, Science & Technology and Public Utilities (MESTPU), which has oversight of petroleum operations in Belize through its Geology and Petroleum Department, issued a press release to clarify what they say is  “continued misstatements by the media regarding the scope of the permit issued to US Capital Energy Belize Ltd., (US Capital) by the Forest Department on April 30, 2013.”

The release states that “the permit issued is a permit to enter the Sarstoon-Temash National Park for the purpose of conducting petroleum exploration drilling operations and not a permit to conduct drilling operations. The permit for oil exploration in Belize by the company signed on January 22, 2001 with two subsequent amendments, has not expired, says the release.

It adds that Honorable Madame Justice Arana, in her recent judgement in Claim No. 394 of 2013 SATIIM et al v. Attorney General et al., refused to squash the PSA signed between US Capital and Government of Belize

About the Author