Aug 06, 2026 Editorial, News

(Kaieteur News) – The latest revelation by the Oil and Gas Governance Network (OGGN) revealed that this country could have earned approximately US$ 7.7B. The difference, roughly US$4B—was not lost because the oil was never produced. It was lost because Guyana continues to operate under a Production Sharing Agreement that lacks one of the most basic safeguards in petroleum contracts: ring-fencing.

For years, Kaieteur News has warned that the absence of ring-fencing would rob Guyanese of billions. Those warnings were dismissed as alarmist. Today, the figures speak louder than any editorial ever could.