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Daily Archives: Monday, 3 February 2020, 23:55

As global anti-corruption watchdog calls for renegotiation of oil contract, independent probe believes ExxonMobil likely withheld vital information from Guyana gov’t

Even as the United Kingdom-headquartered international natural resource anti-corruption watchdog, Global Witness, calls for a renegotiation of the Stabroek Block agreement with ExxonMobil to secure at least a 69 percent equal share of oil revenue, an independent probe has found that ExxonMobil appeared to have withheld vital information about another oil discovery before signing the controversial 2016 agreement. The UK-headquartered ...

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RUSAL fires BCGI workers, suspends operations in Guyana

Last Updated on Monday, 3 February 2020, 17:34 by Writer Russian Aluminium (RUSAL) on Monday decided to close operations at the Bauxite Company of Guyana Inc (BCGI) and fire all 326 workers, citing industrial unrest and damage to property. “The suspension of BCGI will have no impact on the Company’s overall performance, as the expected decline in the overall bauxite ...

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