Every man, woman and child in Guyana must become oil-minded

Part 8

Introduction

Today we turn our attention to how the country, and more particularly the PPP/C Government and the APNU+AFC Coalition Government have managed the country’s potential and discovered petroleum resource. In 1939, the legislature passed the Petroleum (Production) Act vesting in the Her Majesty the property in any and all petroleum and natural gas within Guyana and made provision for their exploration and exploitation.

Despite later and substantial amendments to the petroleum laws, the ownership of the state in all petroleum has been the essence and foundation of our petroleum legislation now contained in the in the Petroleum (Production) Act and the Petroleum (Exploration and Production) Act Cap. 65:04.

What this means is that any discussion on petroleum matters ought at this point to be discussed against the backdrop of the existing two Acts and Regulations 5 of 1986.

It is on this score that I have some …to continue reading this article, please subscribe.  Already a subscriber ? Sign In

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Most Read This Week

  1. Overseas-based Guyanese shot and robbed after leaving bank

  2. Joel Ghansham loses $7.5m in burglary

  3. Escapee told cops accomplice gave him cash to travel to West Bank – Persaud

  4. Thirteen prisoners escape from Lusignan

  5. Lusignan 13 escaped via tunnel – Ramjattan

  6. Ex-magistrate held over alleged attempt to pervert course of justice

  7. GPL sues Kwame McCoy for $143,000


Recommended For You