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Daily Archives: Thursday, 16 June 2022, 1:27

Norton’s gas price subsidy is “cake-shop” economics – Jagdeo

Last Updated on Saturday, 18 June 2022, 23:45 by Writer Vice President Bharrat Jagdeo on Wednesday frowned on Opposition Leader Aubrey Norton’s proposed subsidy on the price of gasoline in order to ease the rising cost of living. Mr Norton specifically recommended that the government should ensure gas prices do not increase above a determined level by compensating suppliers for ...

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Oil spill insurance pegged at US$600 million “per event” – Jagdeo

Last Updated on Saturday, 18 June 2022, 23:44 by Writer The ExxonMobil-controlled consortium that is exploring and producing crude oil in the offshore Stabroek Block has agreed to take out a US$600 million insurance “per event” to cater for any oil spill clean-up, even as talks continue for a US$2 billion parent company guarantee, Vice President Bharrat Jagdeo said Wednesday. ...

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CGX to give up more of its concessions for auction

Last Updated on Saturday, 18 June 2022, 23:48 by Writer Vice President Bharrat Jagdeo on Wednesday indicated that the government has asked CGX Energy to relinquish parts of its offshore concessions so that they could be added to a list of areas to be auctioned later this year. He made it clear that CGX Energy, which is in a joint ...

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