A Partnership for National Unity (APNU) Member of Parliament K. Sharma Solomon is demanding that President Irfaan Ali’s government open its books on Guyana’s oil revenues, challenging the administration to show exactly how it arrived at the newly announced 39.8% share of crude production from the ExxonMobil-led Stabroek Block.

Ali announced on Tuesday, August 18, that Guyana is now entitled to 39.8% of crude production from the block after the consortium reportedly recovered approximately US$55 billion in project costs.

While the announcement represents a major increase in Guyana’s share of production, Solomon argues that the headline figure is meaningless without the underlying numbers showing how much oil has been produced and sold, how much has been claimed for cost recovery and, ultimately, how much money will reach the Guyanese treasury.