The Government Seeks To Become Independent From Foreign Oil
Tuesday, July 30 2013 @ 09:57 PM EDT
Contributed by: Anonymous
Panamanian businessmen said it must be ensured that they meet environmental standards.
Law 8 from 1987 is amended with this draft bill, and covers the collection of royalties from companies receiving concessions for oil exploitation.
They emphasize the need of protecting the communities near exploration sites.
The Energy Department says studies conducted by the company OTS Latinoamerica confirmed the existence of oil in Darien, by the basins of Garachine-Sambu and Bayano-Chucunaque. (TVN)