Whiffs of bullshit and payoffs related to sweetheart deal for Oil Company in Taboga.

Energy/Infrastructure

The National Economic Council (Cena) of the Ministry of Economy and Finance (MEF) justified the low rent lease authorized in the concession contract between the Mayor’s Office of Taboga and the company Bona Pacific Corp. , to establish an oil terminal in more than 34 hectares located on Boná Island.

Oil terminal on Boná island received endorsement from DINNER
PODCAST Isla Boná case: This was the investigation of La Prensa
Comptroller does not endorse contract for oil company in Boná island
Business with an island that is a natural refuge
According to the Cena, the contract was approved five days before the law of public procurement was regulated, through Executive Decree 40 of April 10, 2018 . Said rule, in its article 131, states that in order to determine the average value of the appraisals made by the MEF and the Comptroller General of the Republic , ” only a margin of tolerance of up to 15% of the difference between the appraisals of real estate and up to 10% for the appraisals of movable property of those that the State will dispose of “.

The reaction of the Cena comes 14 days after the Comptroller confirmed to La Prensa that it had not given its endorsement to the lease because the Mayor of Taboga decided to use the valuation of the MEF, which had a difference of 36.98% below that had done that auditing entity.

https://twitter.com/MEFPANAMA/status/1113486452300701697/photo/1

https://www.prensa.com/podcasts/pagina_dos/bona-taboga_0_5269722984.html

https://www.prensa.com/sociedad/MEF-aprobacion-proyecto-Bona-cumplimiento_0_5275722448.html

The communiqué of the Cena – announced this Wednesday, April 3 – ensures that the lease agreement “will bring benefits to its population (Otoque Oriente)”, and that “it does not contain an option for sale”. However, in the contract published in November 2017 and January of this year in the Official Gazette , it is contemplated “to give Bona Pacific Corp. the preferred option of leasing and / or selling over the rest of the farm”.

The developer company promises to invest $ 140 million in the oil terminal.

 

No Comments

Leave a Reply

Your email address will not be published.

Human Interest
WOW- Election Year and Gabby remembers there are Indigenous voters, lets shake some hands.

On the third day of his tour of the Ngäbe Buglé Region, a large crowd reiterated their support for Gaby in the midst of indigenous cultural demonstrations https://www-laestrella-com-pa.translate.goog/panama/politica/carrizo-anuncia-ministerio-indigena-ante-miles-de-panamenos-en-la-comarca-ngabe-bugle-IB6102802?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Residents of the 27 townships of the Müna and Ñürüm districts gave a great welcome to presidential candidate José Gabriel Carrizo. On …

Human Interest
30 year era of Martinelli “Magic” coming to inglorius END.

A name and effigy revered by millions. One who continuously faced enemies, a rebel, a voice to be heard, one who seemed to always find a way out.  RICARDO MARTINELLI will never be the same in Panama. The “machine” has got him by the balls. He’s made too many enemies, …

Art/Entertainment
Carnaval is HERE. Not exactly on par with Brazil, but a big deal in PANAMA nonetheless.

In parallel to the celebration, the 2024 electoral campaign adds an additional element of interest. https://www.laestrella.com.pa/panama/politica/panama-da-inicio-a-sus-carnavales-2024-con-esplendor-y-una-campana-electoral-GH6090697 Infectious music and an explosion of color mark the beginning of the 2024 Carnivals, which this year takes on special meaning as it coincides with the 2024 electoral campaign, adding a political touch to …