Is it in Guyana’s best interests to take ‘associated gas’ to generate electricity, as so enthusiastically advocated by Mr Bynoe and Dr Mangal? Quite simply, no. The IMF, the World Bank, the IADB, the European Investment Bank, leading economists (e.g. former World Bank Chief Economists Lord Stern and Joseph Stiglitz,), the Institute for Energy Economics…
ExxonMobil’s flaring of over nine billion cubic feet of natural gas could have been avoided had a proposed gas-to-shore pipeline project been implemented but it was stalled because a plan to determine the best location was rejected by government officials as some wanted to handpick a site, former Petroleum Advisor Jan Mangal says. He said…
Former presidential advisor on petroleum Jan Mangal has expressed shock that ExxonMobil has flared over 2 billion cubic feet of natural gas offshore and said that he had insisted in 2018 that there be no flaring and that gas be brought to shore for electricity, fertilizer and other uses. Believing that ExxonMobil flared the gas…
International Lawyer, Melinda Janki, has called on the President of the World Bank, Mr. David Malpass, to immediately investigate all contracts that fall under the US$20M Guyana Petroleum Resource Governance and Management Project. International Attorney-at-Law, Melinda Janki Her appeal to the World Bank President is premised on the fact that at least two ExxonMobil linked…
The Guyana Revenue Authority says it is examining the audit report for US$460M of ‘pre-contract costs.’ Irrespective of any audit by IHS Markit, or anybody else, the Guyanese people are not liable for any ‘pre-contract costs’ unless three conditions are met. One: Clear legal authority. Where was Raphael Trotman’s legal authority to agree to ‘pre-contract…
Former Petroleum Advisor to the President , Dr. Jan Mangal has said that Guyana would still get a substantial revenue share from oil even when the price is sent crashing, once royalty on every barrel is set at a fair level of 15 percent. He made these and other comments in a recent Facebook post.Initially,…
It must be obvious to everybody, except the most deluded, that the APNU+AFC coalition did not win the election held on 2nd March. If APNU+AFC had won, Mr Mingo the returning officer would have verified the official Statements of Poll and tabulated the results openly and transparently as demanded by all of the other political…
