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That questionable oil contract
Dear Editor,
Already the corruption and bullying by the powerful have begun regarding oil find in Guyana! We just learnt that ExxonMobil is requesting from Guyana the repayment of US $460,237,918M. This is according to the 2016 Production Sharing Agreement (P.S.A) that Minister of Natural Resources, Raphael Trotman signed with Exxon Mobil.
Mr Trotman, a lawyer and politician, should have known this before the press, and the Guyanese people became cognizant of this aberration. He should let ExxonMobil know that the majority Guyanese people would not accept this confounded nonsense and bullying from Exxon Mobile.
It seems that ExxonMobil has paid handsomely to its drafter of the contract to secure a contract comfortably to itself.
One wonders what the Guyanese legal brain was doing at the time of reading and drafting the fine print of the contract between ExxonMobil and Guyana.
Yours faithfully
Rooplall Dudhnath
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‘That questionable oil contract’
One of my earlier blog
‘ExxonMobil hands Guyana US$460M bill covering pre-discovery operations’
And it is only the start.
When will late payment commence
And
What will be the compound interest rate for late payment?
And
What is the ultimate sanction against Guyana for non-payment?