On cost recovery and oil contract renegotiation

Recent discussions surrounding the cost recovery provision in the oil contract and the possible renegotiation served as motivation for this column. I intend to clarify and reemphasise several points I made on these topics in previous columns. Over the years, I have examined various topics which are still relevant to present deliberations. These include the oil and gas contract, recurring flooding, the gold sector, the sugar industry, constitutional and electoral reforms, income and wealth distribution, economic development policies, finance and development banking, inflation, the foreign exchange market and several others.