After 10 days of silence, Govt. confirms Guyana receiving 50% profit share
Business
Finance
Politics
August 12, 2026
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(Kaieteur News) – After 10 days of silence on the significant announcement by ExxonMobil that the company has recovered its full US$55B investment in Guyana, a government representative on Tuesday confirmed that the country is currently receiving 50% of the profits generated in the Stabroek Block.
During the launch of the 2027 Guyana Energy Conference, Head of the Local Content Secretariat, Michael Munroe offered remarks on behalf of Natural Resources Minister, Vickram Bharrat.
He was asked by the media to say whether the Government of Guyana (GoG) is honouring the 2016 Petroleum Agreement to ensure the country gets its 50% profit share.
Business
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