President raps Ramotar over oil contract statement

Donald Ramotar

President Irfaan Ali on Friday took a swipe at former president, Donald Ramotar who was reported to have said recently that he supported a renegotiating of Guyana’s much criticised Production Sharing Agreement with ExxonMobil.

The President was speaking at a  Canada – Guyana Chamber of Commerce ceremony at the Marriott Hotel.

Ramotar had made the statement on a Globespan programme and was reported in the Kaieteur News on October 6th  as saying that he would have renegotiated the contract with ExxonMobil. The newspaper quoted the former head of state as saying, “I am one of the persons who believes that the contract is a very bad contract…that deprives us of a lot of resources.”