K
AIETEUR NEWS
Guyana’s largest selling daily & New York’s most popular weekly
$25M Prado for Trevor Benn... Friday Edition
Lands & Surveys used own staffers to value vehicle
September 25, 2020 -Vol. 22 No.37
Online: www.kaieteurnews.com Price $80
Online readership yesterday, 149,078
Oil companies robbed
Republic of Congo US$64M
in 2 years by inflating costs $250M unaccounted from SLED programme
Guyana beefs up presence at Alleged Ponzi Venezuelan border after army, schemers police ranks come under fire out on bail Windsor Estate developer returns 30-acre Ogle lands to NICIL
West Demerara nurses PPP/C sole-sourced birth certificate, join protest for risk we only continued allowance, other issues - Winston Felix
We need to stop cheating ourselves Everybody is profiting from Guyana’s oil. God bless Guyana, where anyone touching our oil prospers. The downturn in the global economy is forcing oil companies to cut costs and downsize their operations. Profits in many cases are expected to decline over the next few years. Not so with Hess which has a 30% share in the Stabroek Block. The company is projecting a 10% growth in income on the basis of its undertakings in Guyana. It is bragging about the bounty it will receive because of the high quality and low cost oil from Guyana. While companies like Hess are increasing their income and shareholders’ value, Guyanese are being given crumbs for the exploitation of their resources. It is for this reason that we repeat, for the umpteenth time, our demand for a better deal for our oil. The exploitation of our wealth cannot leave us hungry and hurting while the foreign companies are enriching themselves at our expense. We cheat ourselves when we refuse to rebuke our political leaders for remaining slothful when it comes to renegotiating flawed agreements, or when we do not demand that they seek a fairer deal for the exploitation of our resources. We must begin to demand more from our leaders. We must insist on a more equitable deal for our oil resources so that, just like Hess, we too can prosper.
Small team cannot adequately review Payara FDP in a few months - Associate Professor Dr.Blackman
Who really owns the Kaieteur and Canje oil blocks, do the leaders of this land care to tell the nation?