(Kaieteur News) – Leader of the Opposition, Azruddin Mohamed is demanding answers from the Government of Guyana (GoG) on whether the country has managed to repay ExxonMobil for its initial investments in the Stabroek Block.

The Production Sharing Agreement (PSA) with the oil giant allows the operator to take out up to 75% of Guyana’s oil for expenses monthly. After those costs are recovered or repaid by Guyana, the country would be entitled to 50% of all the oil produced, after the company takes out operational expenses. This would significantly increase Guyana’s current 12.5% profits currently being paid into the Natural Resource Fund (NRF).

Early last month, the Vice President and Business Services Manager of ExxonMobil Guyana Limited (EMGL), John Colling told reporters that US$4.5 billion was sitting in the cost bank to be repaid by Guyana up to the end of 2025.