AG says he has no dealings in A&V ‘fake oil’ matter

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AG says he has no dealings in A&V ‘fake oil’ matter

Attorney General Faris Al-Rawi today cautioned senator Wade Mark against exaggerating figures in the Senate as it related to the case between A&V Oil and Gas Ltd and now defunct State-owned Petrotrin.

The two had an exchange of words in the Senate earlier today, while Al-Rawi was answering questions posed by Mark.

Mark asked, “In light of the recent arbitration award amounting to approximately $1billion in favour of A&V Oil and Gas Limited, will the State be filing application to the High Court to seek to have this arbitration award set aside?”

However, Al-Rawi responded, “There is no award for $1billion. There is a black and white written judgement which starts at TT$84million. This is a matter engaging the attention of Petrotrin, the Office of the Attorney General has no dealings with this matter and never has. This matter will be considered by their counsel as to whether an appeal is in order.”

Al-Rawi reminded that the Senate that Opposition Leader Kamla Persad-Bissessar was the one who raised the matter and said the decision made in the matter was under review.