Minister Trotman is reported (18th Jan) as stoutly defending ExxonMobil’s investment here. He says that Guyana should focus on what has been gained. Like what? The 2% royalty? The Falkland Islands have negotiated 9%. This tiny territory of 4,000 people will get 4.5 times as much as Guyana on every barrel of oil. Tarron Khemraj…
The notion of the STATE sharing the production of oil and gas with companies as part of a commercial enterprise was first developed in Bolivia in the 1950s. Today it is widely used in over 40 countries, so the Government of Guyana cannot claim that the unavailability of international experts to advise it was the…
Keeping information from the public only results in distrust and contracts for all of the country’s natural resources should be published, says Government’s Petroleum Advisor Jan Mangal. “The signing bonus and all revenues should be disclosed. There are no pros for non-disclosure, only cons,” Mangal told Stabroek News in response to questions posed on the…
STRAIGHT TALK Let me be very clear, Minister Trotman and Minister Jordan are creatures of President David Granger. They cannot collect G$3,780,000,000 (Yes, nuff zeros! G$3.7 billion is the equivalent of US$18 million) from a private sector investor with a track record that is not perfect with respect to relations with third world governments and…
Petroleum Advisor to Guyana’s President, Dr. Jan Mangal, says the South American country’s government needs to take firm steps towards “opening the doors” to professionals as part of a policy to attract skills which are badly needed in the emerging oil and gas industry. “The Government really needs to bite the bullet and pay for…
…Petroleum advisor urges citizens Government’s Petroleum Advisor Dr Jan Manga believes that Guyanese need to have realistic expectations of the impending oil-and-gas industry and urged that focus be placed on infrastructural development and investing the revenue from the resource on the citizens. Speaking with reporters Wednesday, Dr Mangal said with news of the oil finds,…
…Gov’t insists full release of Exxon contract has wide implications MINISTER of Natural Resources, Raphael Trotman said government has been advised by external advisors and lawyers that it should not release the full contract with United States (U.S.) oil giant, Exxon Mobil, noting that a number of extenuating and external issues are being attended to,…
…Petroleum adviser says oil-and-gas policies must transcend election cycles THERE is need for Guyana to enforce legislation, policies and regulations in the emerging oil-and-gas sector that cannot be easily influenced by politicians, presidential adviser on Petroleum Dr Jan Mangal told reporters on Wednesday. Dr Mangal, who has a Doctorate in Offshore Geotechnical Engineering from the…
