See tomorrow’s edition of Stabroek News for the annual Ram and McRae review of the 2023 budget.
An excerpt from the introduction follows:
“For better or worse, Guyana has hitched its future with the American oil giant ExxonMobil. No longer seeing its duty to exert on the company and the industry adequate regulation and strict supervision, the Government now regards Exxon Exploration and Guyana Production Limited (EEPGL) – the Bermuda company whose branch in Guyana heads the Stabroek Block production consortium – as a partner to be defended and protected. Despite the PPP/C’s Manifesto commitment to better contract administration and renegotiation, the Government is now so accommodating to the oil companies that the country’s already weak laws are completely ineffective”.
