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When countries are saddled with ‘bad contracts’ it is not unusual for their business partners to exhaust threats in an effort to prevent the deal from being changed. A strong government however will not allow their hands to stay tied, but will do what is necessary to get more for their people.
Businessman and Publisher of Kaieteur News, Mr. Glenn Lall during his Friday radio programme, aired on 99.1 and 99.5 FM, said he was blown away by the response given by Jagdeo when asked again about his position on renegotiating the contract, even after Exxon said it will not turn away easily from Guyana.
Kaieteurnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaieteurnewsonline.com Daily Mail and Mail on Sunday newspapers.
Kaieteurnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kaieteurnewsonline.com Daily Mail and Mail on Sunday newspapers.
While the nation received a meager US$94.5 million in 2022 as royalty for its sweet light crude in the Stabroek Block, the country gave away US$290 million in taxes to multinational oil corporation, ExxonMobil.