Opinion
Words of wisdom from PM Rowley
Words of Wisdom from Trinidad & Tobago Prime Minister: Dr. Keith Christopher Rowley. Prime Minister Rowley using conscientious and explicit words – stated on Wednesday in Georgetown that contracts are not set in stone and must benefit both parties. Prior to this pronouncement, Prime Minister Rowley coyly said that he did not want to give…
President Granger and Opposition leader Jagdeo should show solidarity and renegotiate this cockroach contract
Prime Minister Rowley using conscientious and explicit words – stated that contracts are not set in stone and must benefit both parties; as published in Stabroek News, dated September 19, 2018. Prior to this pronouncement, Prime Minister Rowley coyly said, that while not wanting to give public advice to his colleagues; then the forthright Prime…
Guyana has been entrapped by Exxon into pre-contract costs which it is not liable for
There has been a farcical entrapment of the Government of Guyana into being liable for Pre-Contract Costs, costs that under normal conditions are wholly the responsibility of the Contractor Partners in the 2016 Production Sharing Agreement re: Exxon, Hess and Nexen. I ask Ms. Kimberly Brassington’s replacement, Ms. Deedra Moe, Senior Director, Public and Government…
Hold approvals for Liza Phase-2 until Phase-1 costs verified – Mangal
Government should put all approvals for ExxonMobil’s Liza Phase-2 on hold until a complete review of the Liza Phase-1 project cost is done, former Government Adviser on Petroleum Dr Jan Mangal says. “I believe a real and substantive review still needs to be performed of the Liza Phase-1 project cost before approval of the production…
Questions for Minister Gaskin on Esso’s pre-contract costs
I have 13 questions for Business Minister Dominic Gaskin on Exxon’s Esso’s pre-contract costs 1.By the end of which year does the Minister expect to honour the US$4.4 Billion Pre-Contract Costs claim, referred to by the Public and Government Affairs Officer; Ms. Deedra Moe of Exxon’s Esso, in Stabroek News, dated September 9, 2018? 2….
GRA does not have capacity to review oil contract costs, gov’t should hold approval for Liza 2 until issues fixed
It has been reported that the Guyana Revenue Authority (GRA) will review contract costs proposed by ExxonMobil for its work as a contractor to the Government in the Stabroek Block. If the Government intends to undertake a rigorous review of the contract costs, this is not the optimal route. Instead, the Government will be taking…
Let us source the needed funds from our oil resources now for teachers, sugar industry
How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value of having the requisite quality of well-paid and motivated teachers of the highest calibre will reverberate across this nation in positive ways that will lift Guyana out of its morass. Let…
Jan Mangal warns that cash payouts could distract from clawing back wealth
Former presidential advisor Jan Mangal has warned that while cash payouts from oil revenue may have an important role to play in the future, at this point it could be a distraction from the larger goal of clawing back wealth. His reference in a Facebook post today to clawing back of wealth will be seen…
We should be renegotiating royalties to some normalcy for the ever-increasing amount of oil being discovered
If our division was not race it would probably be religion or class or the hue of skin within a race or some other quotient. We humans have a propensity to create/embrace unnecessary barriers that hinder our progress. Money is such an attraction to our senses; we tend to see it as a cure-all, thus…
Minister Gaskin’s figures imply much higher cost per barrel than has been projected
On Friday August 17th, the Stabroek News published a letter by Business Minister Gaskin titled, `Mr Hinds completely omitted the profit sharing component of the Esso deal’. The Minister’s math does not compute. His cost per barrel is significantly more than what both Hess and the IMF have stated. I will work backwards from the…