January 2019
Parties contesting next elections should disclose positions on oil and gas, Exxon contract
All parties contesting in the next general elections should declare their views on the oil and gas sector, including if they support the re-negotiating of the controversial contract signed between government and ExxonMobil and its partners in the Stabroek Block, says former presidential advisor Jan Mangal. “I believe oil should be the top agenda item…
Let National Assembly determine fiscal terms for oil contracts
Former Petroleum Advisor to the Government, Dr. Jan Mangal is of the firm view that the National Assembly should be the body determining the fiscal terms to be used in oil contracts. He insists that it should not be left to be negotiated on a one-on-one basis by a Minister.Dr. Mangal said that there is…
All political parties should state position on re-negotiating Exxon contract, Guyana losing US$2.6b on first project alone
Regarding a letter in the Stabroek News on 16-Jan-2019, titled `How the overwhelming unemployment problem could be tackled’, by Mr Timothy Jonas. Also in the Kaieteur News titled `Untangling the Gordian Knot’. I am responding to this letter because: 1. The letter concerns oil and Guyana’s development. 2. I believe oil should be the top…
Oil, Government Take & Spending: Navigating Guyana’s Development Challenges # 28
Introduction: Pillars Today’s discussion concludes my evaluation of the tenth and final topic on the list of “top-10 development challenges”, which Guyana will face, as it starts to receive its petroleum revenues next year. As promised last week, I shall start with an introduction of the “four pillars” on which the Fiscal Transparency Code rests….