Senior Counsel Roysdale Forde believes that with the numerous concerns uncovered and being raised over 2016 Production Sharing Agreement (PSA) between ExxonMobil Guyana Limited (EMGL) and the Government of Guyana, including more recently, the lack of adequate insurance, the oil deals must be immediately revamped.
Chartered Accountant and Attorney-at-Law, Christopher Ram is warning that the insurance company can refuse to compensate the country for any damages as it knowingly allowed the operator to breach safe operating limits.
Oil companies operating in the United Kingdom (UK) will continue to face taxes on the massive windfall of revenue they are poised to receive, even as the government of Guyana (GoG) is opposed to the introduction of such fiscal policies locally and continue to waive billions in taxes from US oil giant, ExxonMobil.
Oil production safety limits - Kaieteur News kaieteurnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaieteurnewsonline.com Daily Mail and Mail on Sunday newspapers.
Jagdeo defends Exxon pumping above safety limit on oil projects kaieteurnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaieteurnewsonline.com Daily Mail and Mail on Sunday newspapers.