A minimum of 5% royalty

By Stabroek News On In Letters to the Editor |

Dear Editor,

As we can see from the chart (courtesy of OGGN), the ExxonMobil\Guyana oil contract is exploitative and should be renegotiated.

We are looking for a minimum of 5% Royalty, 50% Profit Share, 30% Corporate Income Tax with the Environmental Liability being transferred to ExxonMobil plus, a US$500m Signing Bonus (payable in instalments of US$100m per year over 5 years).

Yours faithfully,

Sean Ori