To: The Guyana Times Dear Editor, Your letter writer Robin Singh either cannot comprehend the language used by concerned members of civil society, or he is pretending to be environmentalist, for he accuses us of the following [in GT 2022-04-04]: “To ask Barbadian PM Mia Mottley to shut down the oil-and-gas sector before it delivers…
Every Man, Woman and Child Must Become Oil-Minded (Part 95) This Article was Published on the 30 July, 2021 Introduction Thirty months after its passage and assent by President Granger in January 2019, the only thing active about the Natural Resource Fund Act is that it continues to generate controversy. The Act was passed during…
“O, what a tangled web we weave…” The PPP/C, upon assuming office, has been convincingly trying to undo many of the iniquities of the former APNU+AFC, mostly revealing the level and scope of corruption, as well as the shortfalls in terms of economic development. The APNU+AFC has sold out Guyana to big oil. Raphael Trotman…
The 2016 Stabroek Block oil contract between the oil companies and the Government of Guyana violates many of Guyana’s laws compared to the original 1999 contract, according to local legal experts. The Government seems content to ignore our own national laws. None of the violations in this oil contract have been challenged in court as…
All parties contesting in the next general elections should declare their views on the oil and gas sector, including if they support the re-negotiating of the controversial contract signed between government and ExxonMobil and its partners in the Stabroek Block, says former presidential advisor Jan Mangal. “I believe oil should be the top agenda item…
If the PPP wins with a majority, Guyana may become the next resource curse on steroids, with lots of white-elephant projects.And if the ruling coalition wins with a majority, Guyana may continue to blunder along and give away its oil wealth.
To protect the country’s interest, the Government of Guyana would do well to make swift moves to hire trained professionals in the legal and financial fields. These should have experience working with big oil companies or for oil-producing countries. See more here at Kaieteur News
Guyana now has an oil purse of US$436 million dollars in a foreign bank that mysteriously sits untapped in a period of our greatest need. We are in the midst of a deadly pandemic; one the world hasn’t experienced since the Spanish Flu of 1918 that took an estimated 20 to 50 million lives. We…
Introduction In last week’s discussion of Guyana’s proposed local content requirements (LCRs) policy for its coming oil and gas extraction industry, I had introduced three key concepts, which require further elaboration. Those concepts are 1) the enclave economy; 2) the potential for transmission of economic linkages and spillovers from a successful oil and gas industry…
Today’s column attempts to draw lessons from global experiences with Sovereign Wealth Funds (SWFs), operating in the oil and natural gas sector. This effort is intended to aid my ongoing examination of Guyana’s impending development of a robust oil and natural gas sector. Today, such SWFs constitute an important subset of SWFs found in the…
