Gov’t needs to clarify ExxonMobil’s interest payments under 2016 PSA – PNCR

The People’s National Congress Reform (PNCR) has expressed worry about the inability or reluctance of the government to shed light on whether or not ExxonMobil is charging interest on its investments in the Stabroek Block and, if so, at what interest rate, and as such is calling on the administration to clarify this issue for the benefit of the Guyanese people.

In a release yesterday, the PNCR stated its opinion that the reluctance of Vice President Bharrat Jagdeo to fully disclose information on this matter has gone beyond ‘eye pass’with it being more than likely that he himself is not on top of the situation and, worse, “does not care to be… his disdain for his responsibilities as the PPP’s oil autocrat thus represents an assault on the well-being of every Guyanese.”