Reference is made to your article captioned ‘Exxon must now put decommissioning fund in place for all Guyana projects – Minister Bharrat’ (KN 11-16-2023). In that article, it is reported that ‘…the company (EMGL) would have to submit for the minister’s approval, a proposed decommissioning plan and budget no later than two years before the…
Parliament’s decision to create—what amounts to—a zero tax clause in the petroleum production agreement keeps power and wealth in the hands of its foreign counterparties and contributes to Guyana’s economic inequality. Additionally, it stagnates the potential for sustainable economic growth here in the local land. While the Stabroek Block Production Sharing Agreement (PSA) should be…
Statement by Guyanese Lawyer, Elizabeth Deane-Hughes: Newspaper: https://www.kaieteurnewsonline.com/2023/11/18/citizens-continue-fight-to-quash-exxons-gas-pipeline-permit/ TikTok: https://vm.tiktok.com/ZMjKDw4J3/ Interview: https://www.youtube.com/watch?v=Got1VNepjrI
Robin Singh’s letter titled, “I extend congratulations to Jagdeo for embracing a failed Marxist philosophy” (SN Nov 16th), contained several false arguments. Singh writes: “. . . others are spending much time and effort to disparage and discourage new investors in our economy”. Robin is referring to a group of oil activists and two daily…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 114 – November 17, 2023 Introduction The Kaieteur News this past Wednesday reported that Minister of Natural Resources Vickram Bharrat as stating that the Government has written ExxonMobil directing that it relinquish portions of the Kaieteur and Canje Oil Blocks. There are two…
Question 1: What is the purpose of the Natural Resource Fund? Answer 1: The purpose of the fund is to manage the natural resource wealth of Guyana for the present and future benefit of the people in an effective and efficient manner. This includes ensuring volatility in revenues does not lead to volatile public spending,…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 113 – November 10, 2023 Introduction This column extends to Mr Trotman compliments and appreciation for his publication. It is not a major work and the ten chapters of the book cover just 50 pages. But he does have the distinction of being…
The work done by the consortium of auditing firms, Ramdihal& Haynes Inc., Eclisar Financial, and Vitality Accounting and Consultancy Inc., with backing from Martindale Consultants, have identified the unauthorized expenditures that have inflated the costs of the EMGL financial statements. In particular, the auditors point out the unlawful disbursement of funds from the Liza 1…
Q1: What is the purpose of the gas-to-energy project in Guyana? A1: To pipe natural gas from offshore oil fields to onshore facilities to generate electricity and address power outages in Guyana. Q2: What are the main components of the project? A2: A subsea and onshore pipeline, a natural gas liquid processing facility, and a…
