Our national hero VP said the gas-to-shore project is so obviously right (in his unilateral opinion) that it’s a “no brainer.” How could the rest of us dumb people not see it? No studies, no planning, no consultations needed. Our PPP is like the Mighty Sparrow. If Sparrow says so, is so. In my view,…
The Irfaan Ali led administration is steadfast in its plan to land a multibillion dollar pipeline at Wales, West Bank Demerara, for the proposed gas-to-shore project despite the widespread criticism it has faced from industry experts.Many share the same concern that Government is moving too fast and should pump their breaks, at least until a…
It is high time for Guyana to secure “solid financial assurance” from Stabroek Block operators ExxonMobil, CNOOC/NEXEN and Hess to ensure that it is protected should an oil disaster occur on our shores, says international lawyer, Melinda Janki.And with ExxonMobil’s looming financial troubles, she said “sooner is better than later.”“We know that ExxonMobil is in…
Kaieteur News – Former Presidential Advisor on Petroleum, Dr. Jan Mangal, said that representatives from Chatham House and the World Bank told him it was a bad idea to publish the contracts Guyana signed with international oil companies (IOCs) for the rights to operate their respective blocks. The comment is included in a public LinkedIn…
Kaieteur News – Kaieteur News, along with other transparency advocates, has been calling for the People’s Progressive Party/ Civic (PPP/C) government to release records on oil reports dating back to the beginning of oil production.Notably, those records would assist in the conduct of independent studies on the oil revenue and what Guyana is set to…
From Dr. Tulsi Singh’s letter (SN March 2), I take this quote: “Numbers released by VP Jagdeo three weeks ago revealed that Guyana received US$184.9 Million in profit and US$21.2 Million in royalty. Since royalty is calculated at 2% of sales, then sales were US$1,060 Million. So, Guyana’s profit as a percentage of sales was…
From: https://www.kaieteurnewsonline.com/2021/03/03/oil-advocacy-group-banking-on-oil-reports-for-independent-analysis/ The Oil & Gas Governance Network (OGGN) awaits the publication of oil reports dating back to the beginning of oil production. Vice President, Dr. Bharrat Jagdeo, had committed during a February 9 press conference that the government would make the reports available to the press. Three weeks later, the press does not have…
I refer to Dr. Tulsi Singh’s letter titled, “Guyana will receive a lot of oil revenues in the next 20 to 25 years” (SN March 1st). If a country’s budget is $US 1.5 billion and you receive rentier income of 1 billion dollars, yes of course that’s a lot of money for a nation of…
