US$214M audit dispute with Exxon now before ICC
Business
Finance
Legal
October 7, 2026
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(Kaieteur News) – More than five years after a British consultant flagged the misuse of US$214 million of Guyana’s oil money by ExxonMobil, the stalemate has landed before the International Chamber of Commerce (ICC).
This was confirmed by Minister of Natural Resources, Vickram Bharrat in a brief telephone interview with Kaieteur News on Tuesday. The minister told this publication, “Yes the ICC will make a decision on a sole expert.”
The two sides were unable to agree to a sole expert to resolve the dispute on the first audit of US$1.6 billion in expenses racked up by Exxon during the period 1999 to 2017.
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