Dr Tarron Khemraj talks about the political aspects of the resource curse Dr Jan Mangal discusses the potential value of renegotiation Chris Ram discusses the flaws in the oil contracts You can find the other presentations at this event below:
Due to my continued work highlighting grand thefts and forfeitures of billions of US dollars by our politicians past and present, of the oil wealth which belongs to the people of Guyana and which does not belong to the politicians and companies, there have been and will continue to be attempts to discredit my message…
The presentation slides can be found here: http://www.oggn.website/wp-content/uploads/2019/06/chris_ram_oggn_event_20190601.pdf
In our last article we presented facts that suggested that the claimed need for Exxon as insurance against Venezuelan hostility to justify the breach of the 60-block maximum per contract was an overstatement to use the most polite word. Today we discuss alternatives to that action taken by the then minister and supported and maintained…
Continuing my analysis of the Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS, I would like to touch on a few more Articles in the contract. I recommend: Mr. President, this contract is massively flawed and MUST be renegotiated. As a matter of fact, the existing contract should be rescinded and…
We continue our analysis of the arrangement with Exxon by looking at the claim that the Venezuelan belligerence was the justification for the selection of Esso/Exxon and that this belligerence constituted special circumstances under Section 13(3) of the Regulations made pursuant to the 1986 Petroleum act. Both governments since the signing of these contracts have…
Today we want to examine the validity of the exercise by the minister of the discretion provided by regulation 13(3). Our research shows that no other country in the world has seen it fit to do what our minister did in 1999. The minister at the time used her discretion to exceed the maximum stated,…
The Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS should be addressed holistically. Over the past year or so, all efforts were aimed at the financial benefits and significant short-changing from the contract. Whether the seemingly one-sided contract would be renegotiated, and a more favourable one be concluded, the people of…
