-lays out 20-point plan for sector
The PNCR/APNU yesterday released a list of policies, strategies and principles for the petroleum sector and said it would review the controversial 2016 PSA to maximise benefits to the country but it did not explicitly say it would move for renegotiation of the pact or increased royalties.
Both groups were part of the 2016 APNU+AFC government that signed the much reviled Production Sharing Agreement (PSA) which fixed oil royalties at two percent and spared ExxonMobil and partners from paying taxes to the state.
The People’s National Congress Reform (PNCR)/ A Partnership for National Unity (APNU) plan was presented yesterday by Opposition and PNCR Leader, Aubrey Norton.
