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Reply to "Guyana’s share of Liza crude to be traded at around minus $1.50/b versus Dated Brent"

Totaram posted:

Here is what Dr. Bynoe said:“I am happy to say that Guyana is entitled to approximately five million barrels of oil in 2020 alone, plus the two per cent royalty, plus withholding taxes, plus the direct and indirect benefits through employment creation and other revenue-generated income. So, this is not a contract that we should take lightly, it is not an occasion that we should take lightly.”     This clearly implies that this is what Guyana will get after expenses.  And, this is revenue it didn't have before.  Why not be grateful rather than making up stupid tales of theft and such trash?

If you sell the 5 million barrels of oil for 2020 at -$1.50. How much do you get?

Bibi Haniffa
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