Gulf Politicians vs National Significance

[Palm]

That last paragraph reflects what we've been saying and what Polye says in his EMTV interview. The National government makes the agreements and approves projects as well as it decides whether to participate or not and at what level. The 2.5% that goes to the "locals" is carried by the National government and they decide which entity will hold that interest. Polye explains how this allows the National government to make decisions which are best for the country and give autonomy and more funding to Provinces as they are ready. Meanwhile the 2.5% ownership provides funding to do local development on a smaller scale until things are ready for more major development.

This all falls under the national planning and funding through the Treasury/SWF which O'Neill's government has been carrying out with great precision so far.