A Refinery for Guyana: Big thinking, bigger risks
“We cannot have crude oil and don’t have security of supply.” So said President Irfaan…
A Refinery for Guyana: Big thinking, bigger risks
“We cannot have crude oil and don’t have security of supply.” So said President Irfaan Ali on August 26 as he unveiled an expansive conception of a national oil company. According to the Department of Public Information, the company would not invest in offshore production but would be built around a domestic refinery and expanded…
From 12.5% to Nearly 40% – How Long Can the Good Times Last? – Part 4: Conclusion
Road to First Oil – Every Man Woman and Child Must Become Oil-MindedColumn No. 198 Introduction Last week’s column ended with Professor Clive Thomas’s estimate that wastage, incompetence, mismanagement and corruption consume 20% of public expenditure. Applied to 2021–2025, that is G$838 billion, or about US$4 billion. My fear is that the true figure is…
From 12.5% to Nearly 40% – How Long Can the Good Times Last? – Part 3
Road to First Oil – Every Man Woman and Child Must Become Oil-Minded Column No. 197 Having promised renegotiation and abandoned it on taking office, President Ali offered the country a substitute. The 2016 Agreement would stand, but it would be properly administered. He argued that as leader of a country governed by the rule…
All Guyanese should now support Chinese Landing and advocate for a Judicial Review of Vieira’s mining permits
Coastlander goldminer Wayne Vieira once again protests his four GGMC-awarded medium-scale mining permits for Tassawni which is within the titled Amerindian Village Lands (AVL) of Chinese Landing; ‘Chinese Landing Toshao chooses village watch over emergency meeting with Bharrat’, Kiskadee Watch, 27 August 2026. Well done, Toshao Miller. Indeed, let us look at the Mining Act (1989) and the associated mining…
From 12.5% to nearly 40% – How long can the good times last? Part II of IV
Road to First Oil – Every Man Woman and Child Must Become Oil – Minded Column No. 196 Part I welcomed President Irfaan Ali’s announcement that Guyana’s entitlement from the Stabroek Block production has risen from 12.5% to approximately 39.8%. That percentage reflects mainly the recovery of accumulated exploration and development costs: as less production…
From 12.5% to Nearly 40% – The Good News, and What It Means
Road to First Oil – Every Man, Woman and Child Must Become Oil Minded – Part 195 Part I of II President Irfaan Ali brought Guyanese some genuinely good oil news this week. He announced that Guyana’s entitlement from production in the Stabroek Block has risen from the historical 12.5% to approximately 39.8%. Even if…
Ministry of Education to explain 52% profit
Dear Editor, It is the season of congratulations for high achievers of CXC, but I am teaching some remedialclasses in mathematics and I began by asking the students what they did not understand from the past(Form 1) year of high school and would like to relearn. Among the things high on their priority was profitand…
OGGN Member Frederick Collins holding up an MV Barima Banner
Frederick Collins is on the Right.
Profit could be anything. How is the $55 billion capex derived?
Over the last few days, I have been constantly reading in the Guyana press, “Now that Exxon has recovered its $55 billion investment (same thing called Capex, Capital outlays), when will Guyana start getting its 50% oil profit? (The quick answer is that Guyana has always been getting its 50% profit as defined in the…
