Continuing my analysis of the Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS, I would like to touch on a few more Articles in the contract. I recommend: Mr. President, this contract is massively flawed and MUST be renegotiated. As a matter of fact, the existing contract should be rescinded and…
The Petroleum Production Agreement signed between the Government and ESSO, CNOOC and HESS should be addressed holistically. Over the past year or so, all efforts were aimed at the financial benefits and significant short-changing from the contract. Whether the seemingly one-sided contract would be renegotiated, and a more favourable one be concluded, the people of…
The proposal by Professor Clive Thomas of the distribution of cash from the projected oil revenue to every Guyanese household caught me by surprise. With the proposed payout, there is every likelihood that the price paid for goods and services will invariably increase, thus reducing the real purchasing power to the beneficiary. Firstly, we need…
I feel the coolness of the breeze that permeated the Guyana coastline from the letter penned by Chartered Accountant Nigel Hinds in the Kaieteur News of August 3. For this letter to be published just after we celebrated Emancipation Day seems very refreshing and applicable. Our Government should recognize, albeit their authority to govern our…
