Ram and McRae 2024 budget review
This document is posted with permission from Ram & McRae. The opinions in this document do no necessarily reflect the views of OGGN.
OGGN Non-Members
Read More
Mr Nandlall’s response suggests he has found magic formula to overcome concerns about 2016 PSA
Mr. Anil Nandlall S.C. Attorney General and principal legal adviser to the Government has written rather disparagingly about comments I made in my last Friday‘s Stabroek News oil and gas column. Without naming me or addressing any of the extensive data, sources and arguments I used in arriving at my findings, he claims that my…
The Myth of the equal share – Part 1
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 119 – January 09, 2024 Introduction On the occasion of the first column for 2024, I extend best wishes to readers for an informed and productive year and realisation of the hope of a fairer contract. Readers will recall the promise made in…
Natural Resource Fund Inflows under Article 14.1 of the 2016 P.A and Section 15 of the NRF Act
Originally Published At: https://www.chrisram.net/?p=2421
Payment of Tax under Article 15.4 (b) and 15.5 of the Petroleum Agreement
Originally Published At: https://www.chrisram.net/?p=2424
Natural Resource Fund overstated by $274,765 Mn., should be addressed as a matter of urgency.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 118 – December 29, 2023 Among the several challenges facing the Natural Resource Fund (NRF) – also known internationally as a Sovereign Wealth Fund – identified in column 117 published on 22 December, was one which I described simply as “accounting”. Readers will…
What comes to an end in June 2027 is the Petroleum Prospecting Licence
I have to confess to some impatience at having to correct, once again, some of the disinformation being peddled. Instead of taking stock of how this individual embarrasses himself, he continues to show reckless indifference, as if it were a badge of honour. Two months ago, there was a demonstration of the inability to differentiate…
Natural Resource Fund faces institutional, Capacity, investment and accounting challenges.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 117 – December 22, 2023 Introduction The International Monetary Fund and the Inter-American Bank have both expressed concerns about the structure and operations of the Natural Resource Fund, one of the PPP/C’s flagship projects directly associated with the oil and gas economy. This…
Understanding, or not understanding Ringfencing
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 116 – December 15, 2023 Introduction Today’s column returns to the very popular topic of ringfencing in petroleum operations. Column 115 appearing in the Stabroek News of November 24 addressed how Belize, a mini-petroleum state, used the industry’s regulator, the legislation and the…
Belize imposes ringfencing on petroleum companies through its tax legislation.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 115 – November 24, 2023 Introduction Let me confess to being as surprised as many of the readers of this column, on learning that Belize is in fact an oil producing state! Not a major one – it produces a mere 5,000 barrels…