As Cabinet ministers continue to mull over the $5.5 billion Oban Energies deal, Deputy Prime Minister and Minister of Finance Peter Turnquest has admitted he has concerns about the company’s inexperience, but added that Grand Bahama residents are “overwhelmingly” in support of the project.

Oban Energies is seeking to develop an oil storage and refinery facility in East Grand Bahama.

Asked whether he had any concerns that the company had no history in the business, Turnquest said, “Again, those are legitimate concerns.” When pressed further on if he as a minister had concerns, he said, “I do certainly, as the revelations come along, yes.”

Turnquest made the comments while appearing as a guest on the Star 106.5 FM talk show “The Hit Back with Nahajah Black” on Wednesday.

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