The Energy Department moments ago published its shortlist of 19 companies which would be reviewed for the selection of one to market and trade Guyana’s share of oil from the Stabroek Block. The disclosure of the list follows a report by the Guyana Standard this morning which exposed that the department failed to make public, the names of the shortlisted companies even though it made a commitment to do so on May 12, last.
Upon reviewing the list, the Guyana Standard found that some of the world’s most corrupt traders have made the shortcut. They include Petrobras, Vitol, and Glencore Limited. Public documents show for example that Vitol and Glencore have used intermediaries to funnel over US$31 million in bribes to corrupt Petrobras employees in the past so that they may win big contracts, along with acquiring other benefits. This was reported on extensively in various sections of the media.
It is important to note that the Energy Department is on record as stating that the past of companies would be considered as part of the evaluation process.
Below is the full list of companies shortlisted by the Energy Department.
Bid # Names of Firms Country of Registration 2 China Offshore Oil (Singapore) International Pte Ltd Singapore 6 Hartree Partners LLP USA 7 Mercuria Energy Trading SA Switzerland 8 Shell Western Supply and Trading Ltd. Bahamas 10 Mercantile and Maritime (IMMS Ltd.) Cyprus, Belize 12 BP Products North America Inc. USA 13 ExxonMobil USA 15 BB Energy Trading Limited UK 16 Freepoint Commodities Singapore 17 Sinochem International Oil (London) Company Limited UK, China 18 Cathay Petroleum International Limited Hong Kong 21 Petraco Oil Company Limited Guernsey 22 Total Oil Trading SA Switzerland 23 Lukoil Oil Company / Litasco SA Switzerland 27 PetroChina International (Brazil) Trading Limited Brazil 29 Equinor ASA Norway 30 Vitol SA Switzerland 31 Glencore Limited USA 32 Petrobras Global Trading BV Netherlands
