Stabroek’s junior partner CNOOC makes G$355.7 MN (US$1.7 billlion) on share capital of US$200,000. Yes, Two hundred thousand dollars

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131 Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”. CNOOC, like its other two partners, is a branch of a company incorporated outside of Guyana…

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Anyone who places the sanctity of a hugely questionable and lopsided contract above sovereignty is no better than the fool who signed the contract in the first place

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 130 – June 14, 2024 Exxon’s incredible (and unique) return on Equity Introduction This week’s column features the financial statements of the Guyana branch of ExxonMobil Guyana Limited, a 45% stakeholder, and the designated Operator, in the Stabroek Block. In what was a…

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