Wednesday, November 14, 2012

Barbados to grant oil exploration licenses - Prime Minister Stuart

Barbados Prime Minister Freundel Stuart says his administration expects to soon award exploration licenses for two offshore blocks that he hopes may eventually provide a petroleum windfall.

Mr. Stuart revealed that two acts recently passed by the Caribbean nation's House of Assembly paved the way for offshore licenses to be granted to Australia-based BHP Billiton.

In a Tuesday statement, Stuart says his government has received offers from several companies to undertake speculative

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