Christopher Ram

Christopher Ram

Gas

Every Man, Woman and Child in Guyana Must Become Oil-Minded

Part 43   One feature of the Esso/Hess/CNOOC 2016 Agreement – as indeed the 1999 Esso Agreement signed by President Janet Jagan – which has received little public attention is Gas which is addressed in Article 12 of both Agreements.

Absence of rules on thin capitalisation will hurt Guyana

Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 41

Introduction Regulations made under the Petroleum Exploration and Production Act require the application for a prospecting licence to be accompanied by a statement giving particulars of the applicant’s financial status while in the case of a production licence, the application must give full information as to the applicant’s financial status.

Excessive spending (and borrowing) can undermine Sovereign Wealth Fund

Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 40  

Introduction In the course of his presentation of Budget Speech 2018 delivered on November 27, 2017, the Minister of Finance announced that the Government of Guyana would be partnering with the Islamic Development Bank (IsDB/the Bank), through the Malaysia Agricultural Research and Development Institute (MARDI), to update the expertise and technology in rice production through a Reverse Linkage Project to the tune of US$863,000.

Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 32

The 2016 Petroleum Agreement Compared – Tough Terms

The March of Folly   The 2016 Agreement places greater emphasis on “gas”, or more correctly, “associated gas”, compared with the 1999 Agreement, including superficially minor, but no less significant, changes to Article 11 – Cost Recovery and Production Sharing and Article 12 – Associated and Non – Associated Gas.

Every Man, Woman and Child in Guyana Must Become Oil-Minded

The 2016 Petroleum Agreement compared – More than mere tweaks

Part 31   Introduction I must start this week’s column by publicly complimenting the painstaking and excellent work done by the technical staff of Ram & McRae in comparing, line by line and word by word, the 1999 Janet Jagan’s Agreement with Esso and the Raphael Trotman’s 2016 Agreement with Esso (not Exxon), Hess and CNOOC.

Introduction

Focus 2018 begins with a correction of a statement in Focus 2017 that Budget 2017 was the earliest national budget ever been presented in post-independence Guyana.