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Daily Archives: September 28, 2018

Guyana crafting rules to calculate oil companies’ costs; independent auditors might be hired

As debate continues over whether Guyana might have lost millions of United States (US) dollars to ExxonMobil in the development of Liza Phase One,  government here on Friday announced that steps were being taken to reduce controversies in calculating costs. This announcement was made by Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe at the ...

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GECOM still haggling over backers’ requests for removal

Even as two Guyana Elections Commissioners prepare to leave for Canada on Saturday to observe the printing of ballot papers and other election materials, the seven-member body was up to late Friday haggling over how to deal with a number of requests by backers of candidates. “The issue is still one that is contentious and not fully determined,” a well-placed ...

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Including forestry, gold in sovereign wealth fund is bad business; remove permanent tax waivers from future oil agreements- Charles Ramson Jr.

British-trained oil and gas resource person, Charles Ramson Jr. on Friday called for the removal of other natural resources such as forestry and gold from the proposed sovereign wealth fund, and the erasure or amendment of permanent tax  from Guyana’s future Production Sharing Agreements (PSAs). Just back from a University of Oxford Oil Gas and Mining Executive Course, Ramson announced that ...

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Guyanese carpenter wins US$245 million Lotto in the United States

Reproduced from New York Post It’s goodbye, Staten Island, aloha, Hawaii, for this $245.6 million Powerball winner. “I’ve always wanted to go to Hawaii,” newly minted multimillionaire Nandlall Mangal said Thursday. But other than that, he has no plans. “I’m sure my life is gonna change a lot,” he told reporters. “It’s a lot of money,” Mangal said. “I have ...

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