Introduction The series began on May 26, 2017 as Oil and gas – The New Economic Horizon and was expected to run for twenty-five weeks. As the research deepened, it became Road to First Oil – Every Man, Woman and Child Must Become Oil-Minded, borrowing the Daily Chronicle exhortation brought to my attention by historian…
“We cannot have crude oil and don’t have security of supply.” So said President Irfaan Ali on August 26 as he unveiled an expansive conception of a national oil company. According to the Department of Public Information, the company would not invest in offshore production but would be built around a domestic refinery and expanded…
Road to First Oil – Every Man Woman and Child Must Become Oil-MindedColumn No. 198 Introduction Last week’s column ended with Professor Clive Thomas’s estimate that wastage, incompetence, mismanagement and corruption consume 20% of public expenditure. Applied to 2021–2025, that is G$838 billion, or about US$4 billion. My fear is that the true figure is…
Road to First Oil – Every Man Woman and Child Must Become Oil-Minded Column No. 197 Having promised renegotiation and abandoned it on taking office, President Ali offered the country a substitute. The 2016 Agreement would stand, but it would be properly administered. He argued that as leader of a country governed by the rule…
Coastlander goldminer Wayne Vieira once again protests his four GGMC-awarded medium-scale mining permits for Tassawni which is within the titled Amerindian Village Lands (AVL) of Chinese Landing; ‘Chinese Landing Toshao chooses village watch over emergency meeting with Bharrat’, Kiskadee Watch, 27 August 2026. Well done, Toshao Miller. Indeed, let us look at the Mining Act (1989) and the associated mining…
Road to First Oil – Every Man Woman and Child Must Become Oil – Minded Column No. 196 Part I welcomed President Irfaan Ali’s announcement that Guyana’s entitlement from the Stabroek Block production has risen from 12.5% to approximately 39.8%. That percentage reflects mainly the recovery of accumulated exploration and development costs: as less production…
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…
Road to First Oil – Every Man, Woman and Child Must Become Oil Minded – Part 195 Part I of II President Irfaan Ali brought Guyanese some genuinely good oil news this week. He announced that Guyana’s entitlement from production in the Stabroek Block has risen from the historical 12.5% to approximately 39.8%. Even if…
Dear Editor, It is the season of congratulations for high achievers of CXC, but I am teaching some remedialclasses in mathematics and I began by asking the students what they did not understand from the past(Form 1) year of high school and would like to relearn. Among the things high on their priority was profitand…
Frederick Collins is on the Right.
