UK company offers to conduct oil exploration in Maldives
Fisheries minister Dr Mohamed Shainee held a press conference at the president’s office with officials from the company yesterday amidst skepticism over the possibility of extracting oil and opposition to the move on environmental grounds.
13 Aug 2015, 9:00 AM
UK-based company Zebra Data Sciences has expressed interest in exploring for oil in the Maldives after a recent study confirmed the presence of oil and gas in the country.
Fisheries minister Dr Mohamed Shainee held a press conference at the president’s office with officials from the company yesterday amidst skepticism over the possibility of extracting oil and opposition to the policy on environmental grounds.
Shainee said officials from Zebra Data Services met with the cabinet’s economic and youth council and proposed conducting an oil exploration survey.
“They want to sign [an agreement] around September and go forward. But for the sake of transparency and because we have proposals from two parties, we can’t go ahead without considering [the proposals],” he said.
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