7 News Belize

UAE, BNE and BZE
posted (October 29, 2015)
Belize Natural Energy's oil fortunes in the Spanish Lookout oil field may be fading, but the company has linked up with one of the most oil rich countries on earth.

A press release announces that today, quote, "the United Arab Emirates and Belize signed bilateral trade agreements that will serve as a catalyst for investments from the UAE and will strengthen Belize's position as a…regional energy leader." It continues, quote, "These trade agreements will serve as a foundation to catalyze private sector investments from the UAE, as well as government-to-government investments."

The release makes reference to, quote, "Belize Natural Energy Limited's (holistic) model (which) was integral in making today's historic milestone a reality." End quote.

The release closes by saying, "With its discovery of oil 10 years ago, Belize shares a similar vision with the vision of UAE's founding father, the late Sheikh Zayed, who believed that the discovery of oil was only the start of the ultimate economic success story for the country." End quote.

We know that the UAE Representatives did tour portions of Belize today, including the south where we are told they have interests in the port activities.

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7 News Belize