Focus on the oil revenue

…Petroleum advisor urges citizens Government’s Petroleum Advisor Dr Jan Manga believes that Guyanese need to have realistic expectations of the impending oil-and-gas industry and urged that focus be placed on infrastructural development and investing the revenue from the resource on the citizens. Speaking with reporters Wednesday, Dr Mangal said with news of the oil finds,…

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Jagdeo to seek verification of ExxonMobil ‘$20M signing bonus’ for Govt.

While the coalition Government remains tight-lipped on its dealings with ExxonMobil, Opposition Leader Bharrat Jagdeo says he plans to verify with United States oil giant about the alleged US$20 million signing bonus. Minister of Finance, Winston Jordan recently told reporters that he was unaware that Government received a signing bonus, but did not deny the…

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‘Can’t bare all’

…Gov’t insists full release of Exxon contract has wide implications MINISTER of Natural Resources, Raphael Trotman said government has been advised by external advisors and lawyers that it should not release the full contract with United States (U.S.) oil giant, Exxon Mobil, noting that a number of extenuating and external issues are being attended to,…

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Oil above politics

…Petroleum adviser says oil-and-gas policies must transcend election cycles THERE is need for Guyana to enforce legislation, policies and regulations in the emerging oil-and-gas sector that cannot be easily influenced by politicians, presidential adviser on Petroleum Dr Jan Mangal told reporters on Wednesday. Dr Mangal, who has a Doctorate in Offshore Geotechnical Engineering from the…

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