Is the oil sector contributing to national development proportionate to its size

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…

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Fair Equilibrium for Profit

A fair equilibrium for Guyana’s profit share must focus on a New Production Sharing Agreement

By Stabroek News July 1, 2022        Dear Editor, Recently, I read a report prepared by SPHEREX Analytics, an accounting firm that produced the 2020 and 2021 financial statements for Esso Exploration and Production Guyana Limited (EEPGL). In the report, it is claimed that, ‘… Guyana’s share in profit and royalty is greater than the net…

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