Four

S i n c e G u y a n a commenced oil production in 2019, successive governments have failed to publish the oil sales agreement, outlining the valueofeachbarrelofcrude oil.

While Guyanese are privytothemonthlyrevenue flow from the petroleum sector, the country does not knowhowmucheachbarrel ofoilisbeingsoldforonthe international market, even though this is a requirement of the Extractive Industries Transparency Initiative (EITI).

Highlighting this recentlywasPresidentofthe Transparency Institute Guyana Inc (TIGI), FrederickCollins.Inarecent interview with this publication,Collinssaidthat the country’s leaders have been masquerading as the epitomeoftransparency,but thenationstilldoesnotknow simple details such as the costitsoilisbeingsoldat.

“Transparency in priceswhatpricearewegettingfor whatwesellouroilfor?Itis not as clear, you can go on