I agree with Christopher Ram, the teacher, in his article, SN-2025/03/28: ‘Are these payments reflected in the revenue of the Guyana Revenue Authority and the Consolidated Fund?’ Government accounting rules should be followed in a similar way that private accounting does, such as the generally accepted accounting principles (GAAP), as a key standard used in…
Guyana is now hurrying to put measures in place to monitor and assess cost recovery claims. However, it has already tied itself to the repayment of US $460,237,918M. This is according to the 2016 Production Sharing Agreement (PSA) that Minister of Natural Resources, Raphael Trotman signed with ExxonMobil. See more here
Introduction The controversy over tax certificates issued to oil companies continues unabated. On March 17, the Minister of Parliamentary Affairs and Governance responded to the Oil and Gas Governance Network’s information request by suggesting that tax details could be found in Commercial Registry filings – a claim I discredited in my March 21 column as…
I read with disgust and resentment, news media reports of recent statements made by Exxon’s Production Manager, Mr. Mike Ryan who carries the same tune as his boss, Mr. Routledge. There seems to be no end to the imperious and disrespectful behaviour of these two gentlemen towards the people of Guyana believing us to be…
It has been eight years since large oil reserves were discovered off the shores of Guyana, but the nation has only reaped a measly 14.5% of total oil revenues since oil production or more accurately oil extraction started in 2019. The remaining 85.5% have been captured by foreign oil companies. In fact, the Stabroek Block…
Our letter entitled `There should be an investigation into ExxonMobil’s use of tax certificates issued under Guyana’s 2016 PSA’ (Stabroek News, February 16, 2025) raised important concerns about the issuance of tax certificates and the implications for Guyana’s oil revenues. One day before its publication, the Minister of Parliamentary Affairs and Governance, Gail Texeira expressed…
An international firm will advise the Guyana Government on how to market the country’s remaining unassigned oil blocks, according to Natural Resources Minister Raphael Trotman. “Cabinet has determined that an international firm will be retained to guide and advise that process going forward,” Trotman told Sunday Stabroek. “A short-list of capable firms is being compiled…
Dear Editor, In recent letters to the press, Robin Singh, a person who is yet to apologise for publicly labelling me and some members of civil society treasonous, is peddling more illogic. He seems to have now awakened to the concept of ‘unlimited’, as in parent company guarantee (PCG). It was already there to be…
