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Daily Archives: November 30, 2017

ExxonMobil helping Guyana pay legal fees in World Court Guyana-Venezuela border case- sources, but Harmon says ‘no’

The United States (US) oil giant has agreed to help pay Guyana’s legal fees, amounting to just over US$15 million, for taking of the Guyana-Venezuela border controversy to the World Court, despite a government denial earlier Thursday. Other high-level government sources said  that the so-called US$20M signing bonus from Exxon “is to assist with the border process as the UN ...

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Strike at RUSAL’s Guyana operations averted after company agrees to pay back income tax

A strike by workers at the majority Russia-owned Russian Aluminium (RUSAL) has been averted after the company signed an agreement to pay back more than GY$173 million in income taxes that had been deducted from workers’ overtime pay for more than one year, although government had decided that their extra earnings would not have been taxed, a senior union official ...

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Finally! ExxonMobil contract to be disclosed in December

The contract between Guyana and United States (US) oil giant, ExxonMobil is to be made public in December, ending months of calls by various stakeholders. Minister of State, Joseph Harmon said government made a “fulsome consideration” of the related matters including widespread calls for the 1999 deal to be released. He said government was committed to ensuring transparency and has ...

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Thousands of sugar workers being laid off; unions demand compensation

The state-owned Guyana Sugar Corporation (GuySuco) has begun laying off workers from this month-end as part of a restructuring plan of the loss-making entity, but one of the unions on Thursday warned of a massive economic downturn in the sugar-dependent village economies. “It’s going to bring ruination to the communities because all these areas they are closing the workrs depend ...

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