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  • 2019
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  • 9

July 9, 2019

  • Charles Sugrim

A new administration can rescind the current Petroleum Agreement

News EditorJuly 9, 2019August 19, 201902 mins

If an agreement is signed between the Government and a third party, can a new administration rescind that agreement?After reviewing what the Trump administration did with the Paris Club agreement and the Iran Nuclear Deal agreement, I am of the opinion that a new administration in Guyana can do the same.President Obama’s administration signed the…

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  • Jan Mangal

Bright light needs to be shone on MNR/GGMC over award of oil blocks

News EditorJuly 9, 2019July 9, 201902 mins

The objective for awarding oil blocks is to generate the maximum oil revenue (money) over the long-term for the benefit of the whole country.  We benefit from the sensible spending of oil revenue to  improve quality of life and to create meaningful jobs.  We also benefit  by the saving of part of the oil revenue…

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