Jagdeo warns against upfront payment deal with Exxon

Opposition leader Bharrat Jagdeo yesterday criticised government’s plan to seek pre-commercial production payments from oil company ExxonMobil as risky, while warning that it could foster corruption.

“We haven’t even gotten the oil proceeds and he wants to spend it. Spend money you don’t have, that is the old PNC…,” Jagdeo told a press conference, referring to the recent disclosure made by Minister of Governance Raphael Trotman.

“That puts you in ExxonMobil’s pocket. Then how can you sit and