Utilising Escazú – Part One

By guest writer, Donald Rodney In April 2021 the Escazú agreement became effective and President Irfaan Ali on the occasion said, “Guyana as a signatory to the ‘Agreement’ hereby endorses the right of access to environmental information. It welcomes public participation in the environmental decision-making process. It supports access to justice in environmental matters and…

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Renegotiate contract

Adding new FPSOs which reduces the economic life of the Stabroek Block is a premise for renegotiation of Exxon’s contract

By Stabroek News September 21, 2022        Dear Editor, In a SN article dated 8/15/2022 and captioned, ‘Guyana set to receive 12 lifts of profit oil for 2022 – Ministry’, it is reported ‘…that the expected total production of oil in 2022 is 93.6 million barrels of oil… (from which) …Guyana will get an estimated 12…

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Which Production Sharing Agreements the VP would be flexing muscles to re-negotiate?

There was a recent headline that “VP Jagdeo flexes government’s muscles on future oil sector profit sharing.” According to an August 17 Reuters news report, “the PPP administration has again signaled its intention to move to revise the existing contractual terms that obtain in respect of royalties, as part of a new Production Sharing Agreement…

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