Opposition Leader Demands Jagdeo Reveal ‘True Numbers’ After Claim Exxon Has Recovered US$55B Stabroek Investment

GEORGETOWN, Guyana — Opposition Leader and WIN Member of Parliament Azruddin Mohamed is demanding that Vice President Bharrat Jagdeo and the government disclose the financial implications for Guyana following what Mohamed says is ExxonMobil’s confirmation that approximately US$55 billion invested in the Stabroek Block has been recovered.

In a video statement, Mohamed described the development as a potentially significant turning point for Guyana’s petroleum revenues, arguing that the recovery of such a large portion of investment costs should translate into a substantially greater share of oil production and revenue flowing to Guyana.

“ExxonMobil has confirmed that US$55 billion invested in the Stabroek Block has been recovered,” Mohamed said. “This is a significant turning point for Guyana. Guyana should now receive a larger share of revenues from its oil production.”