Oil and Gas Consultant, Dr. Jan Mangal, does not agree with the private sector’s view that the State Asset Recovery Agency (SARA)’s probe of how the Canje and Kaieteur oil blocks were awarded to four inexperienced firms will scare away investors.In fact, Dr. Mangal told Kaieteur News that the probe would set the tone for…
In March last, the British High Commissioner is reported (KN, 20th March, 2019) as having told the Georgetown Chamber of Commerce & Industry (GCCI) that corruption is a job for Government and the Private sector to team up against. TIGI agrees with the broad thrust of this contention. However, in many countries and many instances…
Interview aired on June 4th, 2019
Dr. Vishnu Bisram Jun 3, 2019 The Guyanese diaspora in North America held a seminar on Guyana’s prospective oil and gas industry in Richmond Hill (Little Guyana), Queens, New York last Saturday June 1. Among the main speakers were University Economics Professor Dr. Tarron Khemraj, Oil & gas Specialist Dr. Jan Mangal, Attorney Chris Ram,…
The Honourable Minister Trotman, in the Guyana Standard online publication on the 28th May 2019, said “… at no point during his tenure did he (Jan Mangal) ever request that capacity be developed or that the relevant expertise be hired to ensure independent reviews of data on the Stabroek Block which would be submitted by…
Introduction This is the case for renegotiation of the Petroleum Agreements between the Government of Guyana and ExxonMobil (“Guyana-Exxon agreements”). In my article dated 8 December 2017[1], I wrote extensively on the nature and types of stability clauses and their pros and cons. Most notably, what the Model Petroleum Contract describes as a Stability Clause…
“If they don’t do a good job, they could end up blessing something that is actually bad. They may say ‘yes we checked. There is no evidence so we are not doing anything.’ So what you have…is a government entity that has allowed the oil companies to defraud the country…” – Dr. Mangal Even though…
It is almost impossible to open a paper these days without reading about “first oil”. There is talk of the ‘Dutch disease’ and a sovereign wealth trust fund. The World Bank is lending Guyana US$20M to write some laws and improve governance for the petroleum sector. The government glibly assures the population that oil will…
The current modus operandi in the incoming Guyanese oil industry will affect how the poor and the working class respond to it. Today across Guyana, this oil industry is seen as an elite project. It is seen by the population as those guys in suits who jets off to Houston to strike deal for themselves; it is…
Renegotiate, rescind, reimburse, then auction off so that Guyana reaps the maximum value from its oil blocks, is the advice that petroleum expert Dr Jan Mangal drilled into those who attended his presentation at the Guyana Petro-leum Summit in Houston, Texas on Thursday. He also warned that if the contentious Exxon-Mobil deal is preserved as…
