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(Kaieteur News) – Guyana is now entitled to a larger share of the resources being generated offshore but instead of government providing full disclosure on what the recovery of Exxon’s investments means for the nation, citizens continue to be left in the dark while the opposition appears caught up in other matters.
This is the view of former Minister of Finance, Winston Jordan who told this newspaper in an exclusive interview on Monday that the provisions of the 2016 Production Sharing Agreement (PSA) should now take effect, allowing Guyana’s profit share to increase.
On 31st July, Chief Executive Officer (CEO) and Chairman of ExxonMobil, Darren Woods revealed that the company has recovered all of its investments made in Guyana to date. As a result, he told shareholders that the company’s earnings from the country will be reduced.
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