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- ExxonMobil walks away with almost three times Guyana’s debt without being audited
- Risk-free Stabroek Block operations not enough for Pres. Ali to renegotiate lopsided deal
- Despite visual impairment, Corentyne teen shines with 7 Grade Ones at CSEC
- Canawaima breaks down days after safety clearance
- Police probe gunfire near Office of the President
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Sports
Kaieteur Sports – The stage is set for the most lucrative day in Guyana’s horse racing, today, Sunday August 23 at Rising Sun Turf Club. The weather conditions are immaculate, and 14...
Features/Columnists
(Kaieteur News) – In the 1970s when I was a young employee of a large, service-oriented private-sector firm in Guyana, I was not yet a confirmed employee and therefore could not wear the prescribed uniform. But I was nevertheless expected to dress in a manner appropriate to the office. One day I...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) – I have been an advocate of the Caribbean Court of Justice from its conception. In 2015, on the Court’s tenth anniversary, I described its creation as arguably the most significant institutional achievement of the English-speaking Caribbean since the...
The GHK Lall Column
Hard Truths by GHK Lall (Kaieteur News) – First, they had their arms wrapped around demand. Then the PPP Govt confessed. It did not. They had plans and visions. Only for those to become blurred. It’s the haze of the “unusually hot” weather, stupid. What’s so hard about...
Weekend Cartoon
From Blessing to Burden
Nov 13, 2020 Front Page Comment, News
Kaieteur News – Our oil which should have been a blessing is becoming a burden. The numbers tell the story of shady dealings, covetous politicians and cunning middlemen. From ExxonMobil Guyana would get approximately US$200M in 2020. But the bill from CGX for preliminary work on one dry well in the Corentyne block is US$155M. CGX must really think that Guyanese are illiterates and idiots. They must be required to provide the evidence that they actually drilled a well. That US$155M must be fully scrutinized for possible overstated costs. It is the equivalent of renting an apartment for GY$50,000 per month, but the tenant presents a bill for imaginary repairs for nonexistent damages (that he himself caused) totaling GY$60,000. As can be seen, on a net basis, the landlord is paying the tenant for living in the apartment. Now think of the landlord as Guyana and the tenant/operator as CGX. CGX is the kind of tenant/operator that PPPC leaders saw fit to conduct our oil business. It is the same CGX that the APNU coalition was so impressed with, that it gave it a 3-year extension. The way we look at it is that both the PPPC and the Coalition are in bed with CGX. That US$155M confirms our suspicions.
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