Jun 24, 2026 Editorial, News

(Kaieteur News) – First, they were two for a start, with more coming. In short order, came numbers three and four, and those also are now history. How much more, when will that slippery something be? So, now there is the news, that citizens of this oil rich country were waiting for. The welcome news that seven oil projects have been paid off.

We repeat that so the news sinks in: all the costs associated with seven oil projects have been fully repaid. Almost automatically, some questions surface. When will this country begin to collect its rightful, now pending, half share of oil profits? A pure and genuine 50% of the profits, since that contract provision of 75% in cost recovery right off the top of oil revenues has now shrunk to less than 10% of what was invested by ExxonMobil. Will Guyana start to collect that half profit share this year, a real half? Will Guyana start to get that 50% of profits, undisputed profits before this year ends? Will it ever be? If not now, then when?