Tag Archives: contract renegotiation

Vice President Bharrat Jagdeo on Wednesday ruled out the holding of a popular vote alongside next year’s general elections on whether the 2016 Production Sharing Agreement (PSA) between Guyana and ExxonMobil should be renegotiated. “It might be something that we may want to do but I don’t want to complicate the 2025 elections…by talking about referendum now,” he said when ...

The newly-formed Change Guyana (CG) political party on Tuesday vowed to renegotiate all existing contracts with oil companies to get higher royalties and suspend the award of new concessions pending those talks. Addressing CG’s launch at the Pegasus Hotel, prime ministerial candidate, Nigel Hinds made known his party’s position on the issue at a time when there is lingering debate ...