Over the last few days, I have been constantly reading in the Guyana press, “Now that Exxon has recovered its $55 billion investment (same thing called Capex, Capital outlays), when will Guyana start getting its 50% oil profit? (The quick answer is that Guyana has always been getting its 50% profit as defined in the…
The road-show run by Exxon in collaboration with the Govt. of Guyana finally came to Queens, NY on Friday Nov 14th. Similar shows were performed in other centers of Guyanese concentration – Toronto, Miami/Ft Lauderdale, London in the last few years. It was at a room at Russo-on-the Bay, Queens, NY; about 100 Guyanese attended;…
The following is a commentary on Dr Bisram’s letter, `Even with a ‘yes’ referendum it would be difficult to convince ExxonMobil to come to the (re)negotiating table’ (SN Nov 9th). He writes: “The idea of a referendum is endorsed as it empowers the public”. No sir, it is to empower the government to do something….
Two main roads EBD and ECD. Villages formed alongside these roads. The location of this Waste Treatment Plant is at Coverden – a village alongside EBD. Couldn’t this plant have been sited a few miles inland, away from one of these villages? Penelope Howell wrote this: “While standing in front of PWSI, I felt a…
I write with reference to Chris Ram’s column. He is reporting CNOOC earned a profit of USD 1.7 billion (rounded) on its 25% ownership in the consortium drilling for oil in Guyana. I also note that CNOOC’s paid-up capital (equity) is a mere USD 200,000. These numbers were on CNOOC’s 2023 income statement. I have…
I have taken note of Mr. Joel Bhagwandin’s letter titled, “[Prof] Hunte’s so-called “broken institutions” have little or nothing to do with declining gold production”, and respond as follows: Can Mr Bhagwandin give a short description of the Custom Dept’s check of the operation? A gold processing plant is located on the company’s concession in…
Erin Northe has written a nice letter to commemorate Cheddi Jagan’s death anniversary in SN Letters (March 2nd), titled: “Take time out to reflect on where we are in Dr. Jagan’s vision”. This letter provoked a comment on the online edition from Fuad Rahaman. It reads: Focus on PPP leader, Dr. Bharrat Jagdeo’s vision! It’s…
The Teachers’ Union is demanding a 50% salary increase. To be paid in one-shot. The Government is offering 6.5%. There is a huge gap here. Pundits and Opinion-makers should offer up some numbers. How do we bridge this yawning gap? I suggest a 30% increase covering 3-years, to be phased in at 10% each year….
Thanks to Dhanraj for taking the time and effort to indulge in this debate. More Guyanese should get involved. (Ref – Dhanraj Deonarine’s letter, “Is the NRF really overstated?”, SN Jan. 13th). Here is the larger question on the subject: How can Oil Companies prepare their tax returns, submit them to GoG – and say…
“Maduro had in his possession, several volumes of documents, containing information on the 2016 ExxonMobil PSA and the various reports by citizens claiming that ExxonMobil is robbing Guyana of its oil and gas resources”, says AG Nandlall (SN Letters, Dec 17th). I don’t understand how Maduro can use these mostly [news-clippings] to pressure ExxonMobil to…
