Tag: contract
Guyana gets royalty only for oil sold not produced
Kaieteur News – …resulted in country getting far less Kaieteur News – The Production Sharing Agreement (PSA) has been described as lopsided and unfair by Guyanese leaders from both sides of the political divide and continued perusal of that contract illustrates numerous ways in which the country has agreed to lose money. This was also...
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Oil contract gives Minister power to let ExxonMobil take back royalty — GRA Boss
…says was not done but contract does not explicitly rule out recovery Kaieteur News – Oil producing countries across the world have been robbed of their lawful benefits due, through skullduggery involving taxes and royalties to be paid to the tune of billions of US dollars. As such, when the matter of whether Esso Exploration...
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Exxon’s contract on 2% royalty misleading as Guyana bears the burden – Chris Ram
– Guyana bears the burden Kaieteur News – With the revelation that Royalty being paid to Guyana by ExxonMobil Guyana is in fact being recouped by the US-based, operator of the Stabroek Block, it would be apposite to note that the country was warned about the misleading nature of the Production Sharing Agreement (PSA) at...
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Oil and gas will not make Guyana rich
By Melinda Janki Melinda Janki is an attorney-at-law practising in Guyana and an international lawyer who has worked in over 20 countries. The Renewable Energy Institute in England recently came up with the marvellous idea of a “solar-mechanical energy-generating wheelbarrow system” by which a wheelbarrow would generate electricity as it was rolled along. The rationale...
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Exxon and partners made more money than God …er Guyana
Kaieteur News – By Davina Bagot Every Man, Woman and Child Must Become Oil-Minded (By Christopher Ram) (Part 97) It is more than five months since the 96th column was published in the Stabroek News on January 22nd of this year. That column summarised the court action brought by citizen Glenn Lall seeking declarations against...
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Pres. Biden warns Exxon to pay fair share of taxes
Kaieteur News – – Meanwhile Guyana Govt. goes to court to ensure oil company gets tax free ride Kaieteur News – US President, Joe Biden on Friday last, lambasted ExxonMobil Corporation, his country’s largest oil and gas producer, for not assisting with easing supply shortages which have unleashed economic pains on the pockets of American...
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