BAHAMAS Petroleum Company has endorsed Prime Minister Dr Hubert Minnis’ recent statements about implementing a Sovereign Wealth Fund, saying such a fund can assist with paying off the national debt or better the lives of Bahamians.

BPC’s CEO Simon Potter said if the company finds commercial quantities of oil, royalties from its production would “provide exactly the kind of excess cash” the nation’s leader anticipates for a Sovereign Wealth Fund.

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