The Production Sharing Agreement (PSA) between Guyana and ExxonMobil’s local subsidiary and its partners was informed by the national circumstances at the time and critics need to acknowledge the context, according to Minister of Finance Winston Jordan.
“If you ask me what do I think about the 2% royalty or the whole deal, I will say that everything is in context,” Jordan told Stabroek News in an interview last week.
He said that while there are many criticisms of the contract, he does not see anyone putting into perspective the situation at the time and the circumstances that led to the deal being brokered.
