Lopsided PSA should be on the next parliament’s agenda for correction
In keeping with Article 15.6, page 42 of the Production Sharing Agreement (PSA), the Government of Guyana is assigned the burdensome task of paying the taxes of the oil consortium (EMGL, Hess, and CNOOC) from its share of oil profits and royalties. This contractual arrangement is unheard-of; as it discriminates against other local companies which…