I have long considered Steve Coll’s book, “Private Empire ExxonMobil and American Power”, the bible on ExxonMobil. All government officials and ministers with responsibilities for the oil portfolio should take the time to do a serious study of this book. This book was published in 2012. Minister Trotman had renegotiated the Oil Contract in 2016…
Attorney General of Guyana, Mohabir Nandlall, is currently on a visit to New York. On July 2nd, he appeared at two meetings – one at Villa Russo to an audience of 60 and second, at Royal Restaurant on Rockaway Blvd. in Queens, NY to an audience of 150. At the Villa Russo meeting, I asked…
I refer to Mr. Reggie Bhagwandin’s letter, “Oil deal was designed to cater for the nature of the industry” and wish to comment as follows: An argument for tax waivers for Foreign Companies – Profits are not guaranteed. Business is very competitive. Therefore, it makes good sense for host governments to grant tax waivers for…
From Dr. Tulsi Singh’s letter (SN March 2), I take this quote: “Numbers released by VP Jagdeo three weeks ago revealed that Guyana received US$184.9 Million in profit and US$21.2 Million in royalty. Since royalty is calculated at 2% of sales, then sales were US$1,060 Million. So, Guyana’s profit as a percentage of sales was…
I refer to Dr. Tulsi Singh’s letter titled, “Guyana will receive a lot of oil revenues in the next 20 to 25 years” (SN March 1st). If a country’s budget is $US 1.5 billion and you receive rentier income of 1 billion dollars, yes of course that’s a lot of money for a nation of…
I refer to your news article titled: “Opposition offers support to gov’t in facing down ExxonMobil” (SN Feb. 27th) and wish to comment as follow: What credibility does this former Minister David Patterson have? He stated that the 2016 Oil Contract was vastly improved over the 1999 Contract. This is ridiculous. The 2016 Contract was…
On Tuesday December 1st, 2020, it was reported in the Kaieteur News that VP Jagdeo made the statement, “… We made it clear that when they come for a production sharing agreement for the Kaieteur Block, (it would not have the same loopholes as those which exist in the Stabroek agreement). It would be a very…
The word “Re-negotiation” as in “Re-negotiation of the Oil Contract” seems to be a loaded word. So, avoid using that dreaded word. Ask the oil company for a sit-down meeting and say simply, “Can we improve some of the terms of the Contract? Editor, I have read a letter in yesterday’s SN by Darsh Khusial,…
I call on the government to issue a comprehensive statement explaining the reasons for the dismissal of the EPA chief Vincent Adams. I have read Dr Adams’ record of service with the US govt. – there can hardly be another Guyanese with his expertise and directly relevant Oil & Gas experience. His summary firing suggests…
The four-column headline, “Delays could risk long-term value of Guyana’s oil” in the state-owned paper is wrong-headed. It reads like the work of a clever PR-person, produced and paid for by the oil company. The fact that it is published in the state-owned paper suggests collusion, and worse, a sellout.The arguments made in the article…
