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- Soldier shot in river ambush
- Five years later Govt. still to settle US$214M audit dispute with Exxon
- Oil prices jump 6% as Iran sets UAE oil port ablaze, strikes vessels in Strait of Hormuz
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- Guyana defends sovereignty at ICJ against Venezuela’s claims
THE BLUNT OF THE DAY
Sports
By Rawle Toney Kaieteur Sports – Former Guyana Football Federation (GFF) General Secretary, Ian Alves, has been banned from all football-related activities for five years after the world...
Features/Columnists
(Kaieteur News) – There is a habit, which we have developed with a certain skill in Guyana. That habit is the borrowing large words from abroad and using them to explain local developments. One such phrase “the resource curse.” It has the sound of intellectualism. But before we surrender to...
Sir. Ronald Sanders
Territorial claims are decided in court, not worn on a lapel By Sir Ronald Sanders (Kaieteur News) – There are moments in international affairs when a seemingly small act reveals a much larger contest of principle. The recent controversy over the wearing, during official engagements in the...
The GHK Lall Column
(Kaieteur News) – Essequibo is Guyana’s. Essequibo will never be conceded. Never compromised. Essequibo is ours, forever be ours. We shall fight everywhere. We shall never surrender. Never Essequibo, so help me God. Noble, stirring words. Indeed, soaring, lofty convictions,...
Weekend Cartoon
Exxon is a freeloader!
Sep 29, 2020 Front Page Comment, News
Exxon is saddling the Guyanese people with hundreds of millions of US dollars in PRE-CONTRACT COSTS. Even before, Guyana earned a single dollar from the company’s operations, it was billed US$460 for pre-contract costs up to 2015 and another US$500M for the period between 2015 and 2017, making a grand total of US$960M.
To add insult to injury, no Guyanese can verify what Exxon is doing a hundred plus miles off our coast. Yet, Exxon has billed us, and we have agreed to pay, almost a billion US dollars for things which we cannot verify. Why would our government agree to pay such costs?
Having given away the Canje and Kaieteur Oil Blocks in a secret deal to mysterious friends, it as if we are now paying Exxon, through these exorbitant pre-contract costs, to take the blocks off of our hands.
Exxon is ruthlessly taking advantage of Guyana’s lack of experience in the oil industry. And they are doing this with the connivance of our political leaders.
If we continue this way, the oil may not mean prosperity but tragedy.
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