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Reply to "Government should appoint Ramotar, Jagdeo to help resuscitate Venezuelan rice deal"

"Information on the revenue sharing arrangement with Exxon is based on comments in the media from Minister Trotman, who clearly stated that Guyana will not receive any revenue from production until Exxon has recovered its investment cost. The investment cost is presently projected to be US$6 billion by the time production commences in 2020. Assuming production of 100,000 barrels per day starts in 2020 at current market prices, the US$6 billion in exploration and production costs will not be repaid until 2026. Thus, our Finance Minister must look to the most likely economic opportunities that will revitalize the economy over the next several years."


 

This doesn't sound right,what kind of deal is this ???

Django
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