2024
PLUGGING OIL AND GAS FOREX LEAKS
WHEN oil companies sell the oil and gas that they extract from Trinidad and Tobago (T&T), over 80% of the revenue is paid to third-party contractors for goods and services. These contractors are often international companies that get paid in foreign currency which they take out of T&T. Many of these foreign companies pay little…
The PNC-R’s 20-Point Plan for Guyana’s Oil and Gas Sector
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 138 – September 28, 2024 After years of dithering and delays, the People’s National Congress Reform (PNC-R) recently unveiled a 20-point plan – more a statement of intent – for managing Guyana’s fast-moving oil and gas sector. This plan, coming eight years after…
International Day for Universal Access to Information
Knowledge is what we want. Schools are successful when they eventually show students how to acquire knowledge themselves. Knowledge is not merely information, though it is made up of information. It is not my intention to write a treatise on the processing and logics of turning information into knowledge by means of intelligence, but to…
Chris Ram: Survey Questionnaire on 2016 Petroleum Agreement
https://docs.google.com/forms/d/e/1FAIpQLSflDY4pKOVQ7FQbMbnI98lrTveGIgDkd2pMgxoJj8GD0tSTYQ/viewform?usp=sf_link
Guyana Oil Share: 1.29 Barrels of oil out of every 100 Barrels
It has been reported that Guyana received $336 billion in 2023 from oil, and had to pay $306 billion in taxes for Exxon Mobil and partners (KN: Sept. 13, 2024). The implication which can be drawn from this distribution of total revenue is that Guyana only received G$30 billion ($336 B – $306 B) from…
Reclaiming Guyana’s Oil Wealth: Confronting political timidity and the surrender of sovereignty Part 2
Last week I called out the political leaders for their timidity and dishonesty for hiding behind “sanctity of contract”. Someone pointed out that I seem to have spared Shuman’s Liberty and Justice Party and the United Force (if it exists). That was an oversight. The response to last week’s column was silence from the political…