The recent US reciprocal Tariff Schedule for Guyana, 76/38 % is not trade-weighted by the amount of Guyana’s exports versus its imports from the US. It appears that Guyana has used its 76% tariff charged to the US as a revenue measure, in a similar way that Trump is attempting to do. For example, fish exported…
Over the past six weeks, the Oil and Gas Governance Network Guy-ana (OGGN) has published several letters in the Sunday editions of Stabroek News informing the Guya-nese public about a questionable tax arrangement between the Govern-ment of Guyana and the Stabroek Block Contractor – ExxonMobil Guyana Ltd, along with its affiliates Hess Corporation and CNOOC….
I agree with Christopher Ram, the teacher, in his article, SN-2025/03/28: ‘Are these payments reflected in the revenue of the Guyana Revenue Authority and the Consolidated Fund?’ Government accounting rules should be followed in a similar way that private accounting does, such as the generally accepted accounting principles (GAAP), as a key standard used in…
Let’s face facts. Might is ultimately right in our world. Sure, we have progressed to behaving more civilly with each other when the stakes are relatively low. However, there are no holds barred when the stakes are high. The new administration in the USA seems to get to the greedy point with fewer…
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…
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…
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…
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…
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…
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…
