Rowley challenges government on OFAC licence details

Former Prime Minister Dr. Keith Rowley has called on the current government to disclose the specifics of the six-month OFAC (Office of Foreign Assets Control) licence granted by the United States to facilitate negotiations for a Dragon gas deal with Venezuela. Speaking at a press conference on October 10, Rowley emphasized that withholding such details could pose significant risks to Trinidad and Tobago, potentially endangering the nation’s future generations. The licence, announced by Attorney General John Jeremie on October 9, permits Trinidad and Tobago, along with entities like NGC, Shell PLC, and Futura Clara Ltd, to engage in transactions with Venezuela’s state-owned energy company, PDVSA. Jeremie highlighted that the current arrangement differs from the previous PNM administration’s approach, which involved licensing the entire project. Instead, the new ‘tiered approach’ grants a licence valid until April 2026, secured at a cost of less than $500,000—a stark contrast to the PNM’s $120 million expenditure with no tangible results. Rowley criticized the government’s indirect communication with Venezuela, attributing potential failures in negotiations to the administration’s alleged mismanagement since 2016.