Reply to "IMF: Guyana deserves higher share of oil profit"

Former Member

Drugb posted:
Guyana deserves higher share of oil profit
Dec 31, 2017 News 0 Comments
– IMF recommends revision of PSA framework
By Kiana Wilburg
The Production Sharing Agreement (PSA) that Guyana has with ExxonMobil is fraught with opportunities for abuse. In fact, these very loopholes could result in a significant dent in the revenue Guyana is supposed to get from the oil find by the operator.
This was noted by the International Monetary Fund (IMF) in a report that it prepared on Guyana’s looming oil sector. Given its findings, the IMF recommended that Guyana hastens move to revise the current framework of its PSA.

Correct ... and it will be seen; should the project becomes operational; the scraps and pittance available to Guyana.

12/31/172:20 PM

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Guyana deserves higher share of oil profit

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