Reference is made to SN’s blogger, Justin, (SN August 10 blog on Andre Brandli’s letter). He explained Guyana’s share of oil revenues as follows: “Your mango tree has 100 mangoes which sell for $10,000 on the market. I pay 2% royalty. But I have the right to 75% cost recovery+ 50% profit sharing, and you…
https://www.oggn.org/wp-content/uploads/2022/03/Janette-Bulkan-Impact-Extractivism-Webinar-20211130.mp4 The above presentation was part of the Freedom Imaginaries webinar please see here: https://freedomimaginaries.org/event/beyond-extractivism-webinar2/ .
Every Man, Woman and Child in Guyana Must Become Oil-Minded (Part 62) Introduction During the recently-concluded United Nations General Assembly in New York, USA, the Guyana Delegation led by Foreign Minister Carl Greenidge facilitated a meeting between the Governor of the Bank of Guyana and representatives of Merrill Lynch, the investment arm of the Bank…
From early colonial times, Guyana’s commodity potential has attracted external investments. And this attraction has remained easily the leading indicator of both Guyana’s growth and development performance as well as its prospects. This is still true today, despite 1) the growth of the state both as a commodity producer and regulator of the economic system;…
Seeking advances on future revenue from ExxonMobil should be under discussion, according to United States-based Guyanese business professor and accountant Floyd Haynes, who says the benefits for a developing nation like ours are incalculable and can outweigh the disadvantages “I think it should be considered. You are borrowing against future revenues. There are …benefits to…
In a succinct and elegant statement, Thomas Dye defines public policy as “anything a government chooses to do or not to do” (Dye, 1972: 2). Public policy therefore has a wide reach and affects all sectors of society. It encompasses laws, any actions of government, funding priorities and the regulations that reflect given positions, attitudes,…
Jan Mangal, former Petroleum Adviser to the President, says ExxonMobil’s Payara oil well development should not be approved until it yields big changes to the much-criticised 2016 deal including a higher royalty rate than the current 2%. Mangal believes that while the company has been adamant that changes cannot be made to the Production Sharing…
The Official Gazette of 11 May 2023 published two documents – a Guarantee and Indemnity Agreement dated 9th June 2023 (GIA) and a Contract of Insurance effective 1st. February 2024. The first deals with the Environmental Obligations of the three Contractors – Exxon, Hess and CNOOC – and the second, with third party insurance taken…
See original source here: http://www.searchanddiscovery.com/pdfz/documents/2018/70320mangal/ndx_mangal.pdf.html
