This month marks three years since oil production began here for which this country has received some 15 million barrels in profit but there is still no Petroleum Commission to regulate the sector despite solemn promises by senior officials of the current administration.
The 15 million barrels plus royalty adds up to around US$2B. Stabroek News sought to measure the response from three sectors – the government, ExxonMobil and random citizens on milestones reached and direct benefits.
The key gap remains the absence of the regulatory body which is meant to set a comprehensive framework for full compliance with the laws and the policies of the country.
