Critique of Guyana-type production sharing agreements

Production sharing agreements or contracts (PSAs), have been, from the time of their earliest introduction to the oil and gas sector, subjected to in-depth critical analyses and/or evaluations from economic, legal, and institutional perspectives. Among the most rigorous and perceptive of these evaluations, in my view, are: 1) K. Bindemann, Production-Sharing Agreements: An Economic Analysis,…

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All contracts for natural resources should be published

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…

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Guyanese need the release of the Exxon contract and to know if a signing bonus was paid

Stabroek News’ ‘Politikles’ cartoon, on the heels of its report that Petroleum Advisor to the President Dr Jan Mangal, said “I believe that all contracts should be made public,” adequately sums up the current state of affairs– the Minister of Natural Resources is running from transparency and accountability. Why isn’t the Coalition government listening to…

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