Latest update September 19th, 2026 10:20 AM
Sep 25, 2020 Letters
DEAR EDITOR,
AFC MP, David Patterson, has some nerve telling the present PPP/C administration to mandate 50% local content targets for the oil and gas sector, while for five years the APNU+AFC coalition did nothing to improve the local content after giving our oil to ExxonMobil on a silver platter.
The strategy of the US$18 million signing bonus use by Exxon had its desired effect on the former APNU+AFC administration. The US$18 million signing bonus (which was secretly hidden away) was the bait used to entrap Guyana into signing the lopsided oil contract without first reading it. Unfortunately, former Minister of Natural Resources, Raphael Trotman, signed away our oil, while leaving US$55billion on the table.
Another problem facing Guyana is contracts with Chinese Companies. The Chinese are known for doing inferior work while on the surface it looks great. I once paid a lot of money for a suitcase made in China that looked really solid. To my horror, after packing my suitcase, on the day when I was about to leave for the airport, the handle broke off, nevertheless as it was already late, I decided to use it as is. When I finally reach my destination, the suitcase was so damaged that I placed it in the garbage as it was no good, not even to store anything.
We should not be using foreign companies for projects when there are many contractors in Guyana that do excellent work.
Yours truly,
Gloria Holder
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