The Road To First Oil

The myth of equal share (Part 2)

The infamous tax certificates We recall from Column 119 that while the tax is paid by the Government of Guyana, the oil companies receive from the Guyana Revenue Authority ‘proper tax certificates’ in their names.

Relinquishing of oil blocks

Introduction The Kaieteur News this past Wednesday reported  Minister of Natural Resources Vickram Bharrat as stating that the Government has written ExxonMobil directing that it relinquish portions of the Kaieteur and Canje Oil Blocks.

From Destiny to Prosperity Part 1

Introduction Today’s column begins the review of Raphael Trotman’s book From Destiny to Prosperity – the names of two of the first three Floating Production, Storage and  Offloading vessels (FPSO) in the petroleum operations conducted by the Contractors in the Stabroek Block, the other being Unity.

The Shell Company

Introduction It has been several months since column 108. Yet, when I told a friend that I intended to publish approximately eight columns over the next few weeks, his immediate reaction was the question: what will you say that you have not addressed in the one hundred and eight columns and dozens of letters over the past four years?

The messy business of Exxon’s Ogle Head Office – Part 2

Introduction Part 107 of this column took up the issue of the construction of a Head Office building by Esso Exploration and Production Guyana Limited at Ogle, ECD and asserted that the whole saga is rife with misrepresentation, secrecy, complicity, abuse of power, possible illegality, and a touch of mystery.

The 2016 Petroleum Agreement and Foreign Currency

Introduction It is surely a contradiction that even as Guyana has the fastest growing economy in the world, and amid a phenomenal expansion in oil production and export, the issue of the availability of foreign exchange is now a major topic, a running debate on facts among the Government, the Bank of Guyana, segments of the Private Sector Commission and of the banking sector and privately owned businesses.

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