Payment of Tax under Article 15.4 (b) and 15.5 of the Petroleum Agreement
Originally Published At: https://www.chrisram.net/?p=2424
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Could Guyana escape the natural resource curse? Part 6: Oil and other sectors
The previous column explored how the lack of economic research capacity might have contributed to the lopsided contract in favour of ExxonMobil. One misconception that is often expressed in various Guyanese quarters is observers like yours truly never worked in the oil industry, therefore, we do not know about negotiating a PSA-type oil contract. Indeed,…
Is the oil sector contributing to national development proportionate to its size?
Articles by Dr. Tarron Khemraj appearing on his business page in SN 2023/09/24 and SN 2023/09/10 require some comments, since the use of ‘Balances from Abroad’ imply that Commercial Banks have readily available sources of foreign exchange that are liquid balances and can be deployed to make good any foreign exchange ‘shortage’ affecting the Private…
Ruling on unlimited flaring defies science – Former EPA Head
…says Exxon given green light to ruthlessly exploit oil at the expense of our environment Kaieteur News – Former Head of the Environmental Protection Agency (EPA), Dr. Vincent Adams views the recent High Court ruling on the flaring of gas during oil production offshore Guyana as a travesty of justice against the people of Guyana. Flaring…
Unthinking paternalism displayed by the current government towards Guyana’s diverse Amerindian Villages and Communities
Dear Editor, Your editorial ‘Govt and the Indigenous’ (SN 02 June 2024, https://www.stabroeknews.com/2024/06/02/opinion/editorial/govt-and-the-indigenous/) touches on the remarkably unthinking paternalism displayed by the current government towards Guyana’s diverse 200+ Amerindian Villages and Communities. What genuinely caring government would buy a job lot of 200 identical agricultural tractors and attachments and hand them out without considering the range…
Gov’t official proposed sole-sourcing Glencore to sell Guyana’s oil – Mangal
Dr Jan Mangal, former petroleum adviser to President David Granger yesterday disclosed on his Facebook page that someone in government had proposed sole-sourcing the sale of Guyana’s oil to mining and commodities giant, Glencore. Mangal’s statement follows his declaration that in the coming weeks he will outline a number of things including the “mechanism used…
It’s the same players back at the helm
‘One do not make changes to a winning team’ says the old adage. But something is wrong with Guyana in terms of development. The Gas to Shore project comprises some of the same players who were involved in a string of questionable projects. We can identify the Marriot Hotel, a venture where expenditures are yet…
Govt. needs to tell the truth about oil deal pitfalls
International lawyer and transparency advocate, Melinda Janki is of the firm conviction that it is high time the government desists from selling the citizenry false dreams and hopes about the oil wealth. Instead, the attorney categorically states that it must inform the citizens of the truth, which is, that the Guyana-ExxonMobil deal is fraught with…