Latest update February 8th, 2025 5:56 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

ExxonMobil can recover all rentals, charges, levies, fees, taxes, and any other assessments

Mar 12, 2018 ExxonMobil, News

Several Ministers of Government have been lauding the fact that the country would be able to garner millions of dollars in rental fees and taxes from ExxonMobil.
But what has not been stated is that the company would be able to recover every cent of that money.
This is according to the Guyana-ExxonMobil deal under the section which speaks to costs recoverable without further approval of the Minister.
That section of the contract says that the company can, “recover all rentals, charges, levies, fees, taxes, and any other assessments and charges levied by the government in connection with the petroleum operations and paid directly by the contractor.”
Also recoverable by ExxonMobil is moneys that they hand over to the government for environmental projects.

Similar Articles

The Glenn Lall Show|| February, 7th, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Imlach masterclass 126, Alimohamed 66-ball 77, give Harpy Eagles life with game in balance 

Imlach masterclass 126, Alimohamed 66-ball 77, give Harpy Eagles life...

Feb 08, 2025

2025 CWI Regional 4-Day Championships Round 2 GHE vs. CCC Day 3…  -CCC 2nd innings (32-3) lead by 64 runs heading into final day Kaieteur Sports-Guyana Harpy Eagles Captain Tevin Imlach dazzled a...
Read More
Fraser rebounds well, as Arjoon keeps perfect record

Fraser rebounds well, as Arjoon keeps perfect...

Feb 08, 2025

Guyana to host historic 3×3 Quest Tournament

Guyana to host historic 3×3 Quest Tournament

Feb 08, 2025

Quarter-Finals in Mashramani Street Football Championships set for tonight at National Park

Quarter-Finals in Mashramani Street Football...

Feb 08, 2025

Vurlon Mills Football Academy launches KFC Challenge Series

Vurlon Mills Football Academy launches KFC...

Feb 08, 2025

DEMLIFE Golf Tournament tees off today at LGC

DEMLIFE Golf Tournament tees off today at LGC

Feb 08, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]