Kaieteur News

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AIETEUR NEWS

Ramotar vs Kaieteur News libel case...

Glenn Lall

Tuesday Edition November 24, 2020 - Vol. 13 No. 47

stands by position oil block deals were corrupt p. 16

Guyana’s largest selling daily & New York’s most popular weekly

Online: www.kaieteurnews.com Price $80

Online readership yesterday, 109,719

Exxon deal leaves Guyana in a debt trap for decades p. 8

GuySuCo moves to buy 44 tractors at Ministry of Agriculture $33M each unaware of purchase

p. 15

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US company to Businessman set up shore shot dead base facility at during scuffle Land of Canaan with bandit p. 3

p. 2

Sister kills abusive brother to protect sister-in-law p. 18

Vincent Adams contract terminated

p. 3

On oil, the cart is before the donkey That dray-cart drags d o w n t h e d o n k e y. Successive governments have rushed ahead in a beehive of activity with our oil wealth, but they are sluggish to the point of paralysis in doing the things that will nourish that wealth, by watching over it, like a hawk, to get the most out of it. By this, we are talking about our petroleum laws. Our petroleum laws are not outdated, they are ancient, and they allow foreign exploiters and producers to use them to our disadvantage. Those same laws impoverish us and leave us with little to improve our oil prospects. Clearly, the time for rehabilitating our antiquated petroleum laws is now. It must be the highest priority. Other countries, once similar to us, have already

strengthened their petroleum laws for maximum leverage when partnering with foreign oil players. A compulsory piece of any revitalized Guyanese petroleum laws must be arming us with the power to oversee fully, through monitoring and authorizing and verifying to the fullest extent, every aspect of the exploration and production of our oil wealth. The same goes for the related finances, which should be built into new laws and any offshoots of such laws. Last, after having such robust laws, they must be enforced constantly. If we do so, Guyana can become a rich and respected oil haven, and not the tricked and mocked place that it is today. Oil is war, and the sooner that we realize this, the better.

James Bond land deals...

Board meeting

Suriname law demands on land lease competitive transactions clause change - but Guyana left IL C I in oil sector open for abuse never happened - N p. 12

p. 11

Missed ‘The Glenn Lall Show’? Tune in at 11 am today to hear how you have NOTHING to benefit from our oil.


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