'No new oil projects until Guyana gets full 50% profits' - APNU tells Govt.
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Finance
Politics
August 8, 2026
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(Kaieteur News) – The Government of Guyana (GoG) must not allow ExxonMobil to continue adding expenses by approving more projects that would further delay the country from receiving its rightful 50% profits outlined in the 2016 Petroleum Agreement.
This is according to the A Partnership for National Unity (APNU) Member of Parliament (MP), Saiku Andrews who, during a party press conference on Friday added that the country should be enjoying its full share of profits now that the company has recovered its investments.
On Friday, Kaieteur News reported that the Chief Executive Officer (CEO) and Chairman of Exxon, Darren Woods revealed during the company’s second quarter earnings call on July 31, 2026 that Guyana has paid off all US$55B associated with development and operating expenses.
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