Payment of Tax under Article 15.4 (b) and 15.5 of the Petroleum Agreement
Originally Published At: https://www.chrisram.net/?p=2424
Exploration
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Big Oil, Big Problems
Details, including the full terms of reference or scope, remain unpublished regarding the 2018-2020 ExxonMobil Guyana US$7.3B cost recovery audit report, leaving Guyanese to speculate on the political, economic, and military influences on Guyanese-led RVHE Consulting and international firms: Martindale Consultants Inc. and SGS. Kaieteur News released an article on November 12th, titled, ‘How ExxonMobil…
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…
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…