Questions for AG on conflict between 2016 PSA and NRF Act (2021) on tax payments on behalf of oil companies

Since February 16, 2025, the Sunday Stabroek has published a series of weekly letters by the Oil and Gas Governance Network Guyana (OGGN) querying the questionable tax practices by oil companies and urging the Government of Guyana, its ministers, and public servants to answer questions regarding the flow of oil-related tax payments. Under the 2016…

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Teixeira failed to address some core issues such as free access to information raised in OGGN’s letter

Reference is made to a press release dated March 17, 2025, issued by the Department of Information, titled “Minister of Parliamentary Affairs and Governance Responds to OGGN.” Minister Gail Teixeira was responding to a letter from the Oil and Gas Governance Network (OGGN) Guyana, titled “Minister Teixeira Must Address UN Concerns on Access to Information…

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Minister Teixeira must address UN concerns on Access to Information Act

In a series of letters published in the Sunday editions of Stabroek News (February 16 & 23, March 2 & 9, 2025), the Oil and Gas Governance Network Guyana (OGGN) informed the Guyanese public about questionable tax practices of ExxonMobil and its partners—Hess Corporation and China National Offshore Oil Corporation (CNOOC)—and raised concerns about the…

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Finance Ministry must confirm whether it has provided relevant data on oil taxes for EITI reports

Guyana became a member of the Extractive Industries Transparency Initiative (EITI) on October 25, 2017. Since then, the country has been expected to adhere to EITI standards by disclosing key financial data related to its extractive industries. The Oil and Gas Governance Network Guyana (OGGN) has consistently raised concerns about the lack of transparency regarding…

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We call upon the Minister of Natural Resources to confirm he has paid these taxes as mandated by the 2016 PSA

The Oil and Gas Governance Network Guyana (OGGN) has previously raised critical concerns regarding the tax practices associated with the oil extraction operations of ExxonMobil and its partners – Hess Corporation and China National Offshore Oil Company (CNOOC) – in Guyana, as specified in the 2016 Petroleum Agreement, better known as the 2016 Production Sharing…

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Mr Statia should say whether Minister made required tax payments on behalf of ExxonMobil and partners for 2020, 2021, 2022 and 2023

Our letter entitled `There should be an investigation into ExxonMobil’s use of tax certificates issued under Guyana’s 2016 PSA’ (Stabroek News, February 16, 2025) raised important concerns about the issuance of tax certificates and the implications for Guyana’s oil revenues. One day before its publication, the Minister of Parliamentary Affairs and Governance, Gail Texeira expressed…

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There should be an investigation into ExxonMobil’s use of tax certificates issued under Guyana’s 2016 PSA

The U.S. Foreign Tax Credit (FTC) is designed to prevent double taxation by allowing individuals and corporations to offset taxes paid to foreign governments against their U.S. tax obligations. However, there is compelling evidence that ExxonMobil and its affiliates obtain tax certificates issued by the Guyana Revenue Authority (GRA) without actually paying taxes in Guyana….

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Did Ashni Singh do everything possible to accommodate for a budget shortfall before asking the Guyanese people for more money?

Reference is made to news reports that the Government of Guyana is seeking Parliament’s approval for over US$192 million (40 billion GYD) in supplementary funds to shore up needed expenditure up to the end of 2024. Earlier this year, Senior Minister in the Office of the President with Responsibility for Finance and the Public Service,…

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GPL will be paying up to US$50m to Qatari contractor for power ship that will sail off in two years

Guyana Power and Light (GPL) Inc. has contracted a floating electric power station (‘power ship’) from UCI, a subsidiary of UCC Holding, a Qatari company, to provide additional electricity to Guyana’s electric power grid, which has recently been failing in a spectacular manner resulting in multiple hours-long power blackouts for GPL customers. Regarding the costs…

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Ability to service burden of debt relies almost exclusively on Guyana’s share of profit oil

Ability to service burden of debt relies almost exclusively on Guyana’s share of profit oil

A letter entitled “Notions that the level of borrowing is reckless are far-fetched” penned by Mr. Bhagwandin was published earlier this week in Stabroek News (August 8, 2023). The backdrop to this letter is as follows. The National Assembly approved, last week, a new debt ceiling to facilitate greater borrowing. Guyana’s domestic public debt ceiling…

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