Reply to "ExxonMobil/Guyana oil contract spells disaster for Guyana–Ramon Gaskin"

GTAngler posted:
Demerara_Guy posted:

ExxonMobil/Guyana oil contract spells disaster for Guyana–Ramon Gaskin

Jan 31, 2018 ExxonMobil, News, https://www.kaieteurnewsonline...yana-ramon-gaskin-2/

By Kiana Wilburg
Chartered Accountant, Ramon Gaskin, said last evening; there are glaring loopholes in the contract Guyana Government signed with USA oil giant ExxonMobil and its affiliates.

To a modestly sized audience at the National Library, Gaskin concluded that the “terribly flawed” contract spells nothing but disaster for this nation.

Among the many faults, the political commentator was quick to point out


Is there any way this contract can be voided since by law Exxon should have been granted 60 Blocks instead of 600? At the very least changed to include just those 60 blocks allowed by law?

You cannot just void a contract without showingv good cause.   There must be a breach of the letter or spirit of the agreement.  Of course, if they can prove bribery or fraud, they are stuck until it’s up for renegotiation, which I’m sure there is.  

Someone needs to see who suddenly got super rich!