Transparency group backs verification of US$460m pre-contract bill from Exxon subsidiary

Transparency Institute Guyana Incorporated (TIGI) has added its voice to calls for government to provide evidence that a US$450 million claim in pre-contract costs by ExxonMobil’s subsidiary and its two partners is accurate.

“We would like to be sure that evidence was provided to substantiate the claim made. That is the main question to be answered,” TIGI President Dr. Troy Thomas told Stabroek News yesterday.

Thomas was providing an invited comment in response to a claim by chartered accountant and business analyst, Christopher Ram that the cost is overstated by at least US$92m.