Latest update April 19th, 2024 12:59 AM
Jul 07, 2017 Letters
Dear Editor,
When my letter here is published, I hope it is read by the ministers and president of Guyana. Regarding the money from the oil production, my understanding is that Guyana will get 2% in royalty and 50% of profit. However, that 50% will start (after) EXXON recoups their investment, and Guyana will have to wait very long to start receiving that 50%. It will be better for Guyana to get EXXON to pay the 2% royalty and 10% of the profit, and when EXXON recoups its profit, then, they can give Guyana 40% until they get back their 10% which they will pay from time of production. That arrangement will be good for Guyana, and EXXON will not lose out, because they will reduce the 50% to 40% until they get back their original 10%.
Mohamed Azad
Please share this to every Guyanese including your house cats.
Apr 19, 2024
SportsMax – West Indies Women’s captain Hayley Matthews delivered a stellar all-round performance to lead her team to a commanding 113-run victory over Pakistan Women in the first One Day...Kaieteur News – For years, the disciples of Bharrat Jagdeo have woven a narrative of economic success during his tenure... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
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]