With higher profit share, Guyana will still only get 29.6% of total oil revenue
It has been reported that Guyana profit share from oil exports will increase from 12.5% to 39.8%).(https://kiskadeewatch.com/opinion/editorial/profit-oil-of-39-8/). This expected increase in profit is because the total investment cost of the oil project (US$55 Billion) has been repaid in full and profits will therefore increase, due to the only cost item being the operating cost of…