The Production Sharing Agreement (PSA) that Guyana has with ExxonMobil is fraught with opportunities for abuse. In fact, these very loopholes could result in a significant dent in the revenue Guyana is supposed to get from the oil find by the operator.
This was noted by the International Monetary Fund (IMF) in a report that it prepared on Guyana’s looming oil sector. Given its findings, the IMF recommended that Guyana hastens move to revise the current framework of its PSA.
November 27, 2024
- Referendum needed only because of Govt’s spinelessness to do its job demanding renegotiations
- Upcoming: Oil Talk with OGGN on KN watch at https://www.facebook.com/kaieteur.radio
- President Jagan was opposed to the philosophical mentality linked with handouts which I do not recall ever being repudiated by Vice-President Jagdeo
- Do not be afraid of Exxon’s power
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