The opposition People’s Progressive Party/Civic (PPP/C) is open to discussing the Production Sharing Agreement (PSA) signed between government and ExxonMobil, according to leader Bharrat Jagdeo in order to ensure a bipartisan approach towards a possible renegotiation.
However, Jagdeo was quick to point out that while any contract negotiated between a sovereign country and a party can see renegotiations, it is best determined on the mutual acceptance of both sides.
“Anything that any sovereign government negotiates with another party could be renegotiated if the other party agrees to come to the table. It can be done amicably. If it pursues it and the other party does not agree, you end up in a dispute. In this circumstance, I believe that the amicable position is the best one,” he said.