Trinidad and Tobago firm Commissiong and Company Limited is suing the Guyana Oil Company (GUYOIL) for US$291,055, which is equivalent to just over GY$60 million for what it says is breach of contract.
Late last year, local attorneys for Commissiong had threatened legal action against GUYOIL for payment of over GY$80 million for materials acquired and work done under the aborted agreement as well as for an estimated loss of profits.
Through their attorney, Anil Nandlall, Commissiong is claiming US$291,000, which it says is owed by GUYOIL for fabrication and erection of two 10,000 US gallon storage tanks at the GUYOIL terminal at Providence.
