Gov’t must declare update on discovered oil reserves – Opposition

The Opposition is calling for the nation to be updated on the amount of discovered oil reserves in the wake of  ExxonMobil’s announcement on Friday of a new oil find in the Stabroek Block.

This request was stated in a release yesterday from the Office of the Leader of the Opposition, which also noted that since April 2022, eight announcements of oil discoveries have been made with no update on the Stabroek Block reserves. 

 It stated that regardless whether it is the company that is keeping the government in the dark or the government keeping the people in the dark, such lack of transparency “is totally disrespectful and unacceptable.” It reminded that the natural resources of Guyana belong to the people of Guyana. “In the Preamble of our Constitution, we have declared our commitment ‘to protect our natural environment and endowment.’ Citizens are impeded in performing this duty if vital information on their oil resources is denied them.