If the renegotiation clause is meaningless, Jagdeo should have it expunged from the contract

If the renegotiation clause is meaningless, Jagdeo should have it expunged from the contract

Robin Singh’s letter titled, “I extend congratulations to Jagdeo for embracing a failed Marxist philosophy” (SN Nov 16th), contained several false arguments. Singh writes: “. . . others are spending much time and effort to disparage and discourage new investors in our economy”. Robin is referring to a group of oil activists and two daily…

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Unraveling the Confusion: Examining Relinquishment Policies in Guyana’s Oil Blocks

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 114 – November 17, 2023 Introduction The Kaieteur News this past Wednesday reported that Minister of Natural Resources Vickram Bharrat as stating that the Government has written ExxonMobil directing that it relinquish portions of the Kaieteur and Canje Oil Blocks. There are two…

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Audit results and its impact

The work done by the consortium of auditing firms, Ramdihal& Haynes Inc., Eclisar Financial, and Vitality Accounting and Consultancy Inc., with backing from Martindale Consultants, have identified the unauthorized expenditures that have inflated the costs of the EMGL financial statements. In particular, the auditors point out the unlawful disbursement of funds from the Liza 1…

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With no ring-fencing Guyanese are denied their rightful share of the oil revenues

With no ring-fencing Guyanese are denied their rightful share of the oil revenues

President Irfaan Ali ring-fencing is an important concern that has engaged the attention of the Guyanese people; but Guyanese policymakers do not want to take any action to establish ring-fencing in each of the oil projects that are currently extracting and exporting oil from Guyana.  When there is no ring-fencing, the people of Guyana are…

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Exxon has engaged in dodgy accounting going all the way back to Shell transaction

Truth eliminates ignorance

Dear Editor, The protection of the public from untruths, half-truths, misrepresentations, and distortions dictates that I make an exception to my unwillingness to engage in any place or in any capacity. As shown in the examples set out in this letter, multiple-part responses in the print and social media to repeated assertions about financial shenanigans…

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