The Auditor General’s Department will be managing the forensic audit process into oil losses at Petrojam limited, including the tender process for the forensic auditor.

A statement from the Energy Ministry says as of May 1, all comments and feedback received on the draft terms of reference developed for the forensic audit will be forwarded to the AGD for action.

Permanent Secretary Carol Palmer says the ministry is committed to full transparency and integrity of the process and adds that the public’s feedback and comments into the draft terms of reference will strengthen the auditing process.

The Auditor General report tabled in parliament in December said over the last 5 years over 600,000 barrels of oil could not be accounted for.

The lost oil was valued at $5.2 b.

The forensic audit is to be undertaken at Petrojam to determine why there is a high loss of oil.