Dear Editor,
Columns #’s 150 and 151 of my oil and gas feature Road to First Oil published in the Stabroek News, have generated a flurry of responses. On 05-01-25, the PNCR issued a statement responding to Column # 150. On the same day, the Stabroek News carried a letter by Mr Kit Nascimento responding to Column # 151 which accused President Irfaan Ali and Vice President Bharrat Jagdeo of reneging on their pre-election commitment to renegotiate the “lopsided” 2016 Petroleum Agreement signed by the Granger Administration. One day later, there were two additional letters in the Stabroek News, including one by PPP/C MP Attorney-at-Law Mr. Sanjeev Datadin. With your kind permission, I wish to address the PNCR statement followed by the letters by Messrs. Datadin and Nascimento.
Column # 150 expressed my view that the PNCR’s leader’s failure “to articulate any coherent position on renegotiation, … to effectively challenge the government’s reversals, and apparent disinterest in the technical details of oil governance suggests a profound lack of understanding or a deliberate abdication of responsibility”. My conclusion was based on engagements with Mr. Norton as a guest on my TV programme Plain Talk and several polite exchanges.
In its response to my critique, the PNCR’s Statement lists earlier press statements on the Agreement referring to the Party’s 20-point agenda which it claims addresses renegotiation. That word does not appear anywhere in the agenda. Disappointingly, instead of confronting the lopsided Agreement head-on, the Statement retreats into vague promises about establishing an Advisory Team of professionals within 90 days of taking office. Quoting Mr. Norton’s generalities about “getting as much as possible” for Guyana hardly constitutes a coherent policy. Their defensiveness only confirms the validity of my comments on his weak opposition to the Agreement.
I remind Mr. Norton of my earlier advice: read Raphael Trotman’s book, ‘From Destiny to Prosperity’, and join him in calling for a Commission of Inquiry into the extension of the 1999 Agreement – into a 2016 Agreement – through a dubious Bridging Deed. Second, join the rest of Guyana in calling on the Ali Administration to immediately initiate renegotiation procedures under Article 32.1 of the Agreement.
Mr. Datadin
But for two grave errors in Mr. Datadin’s letter, his sarcasm and arrogance would disqualify his letter as worthy of a response. For someone who sneers at “second-rate texts,” his confusion between renegotiation and stability provisions in the Agreement is remarkable, and between renegotiation and setting aside – distinctions that should be elementary to an MP with an LLM in oil and gas law. His claim that public advocacy constitutes “duress” is equally bewildering. By Datadin’s logic, not only is Parliament set aside, but so too is the public.
That Mr. Datadin would misrepresent these basic principles while ingratiating himself with ExxonMobil by offering unsolicited but incorrect legal advice raises troubling questions about his motives. One wonders whether his eagerness to defend manifestly unfair terms stems from some form of ethical flexibility. Instead of conflating Local Content requirements with fair PSA terms, he could explain what the Granger administration surrendered in exchange for the renegotiation and amendment of 26th. April 2019. Or is it that with all his learning he is unaware of such amendment and modification?
Mr. Nascimento
Mr. Kit Nascimento writes not as an independent voice but as a paid public relations advisor to the President – a fact he conveniently omits. This is the same Mr. Nascimento who waged a relentless campaign against Cheddi and Janet Jagan throughout their lives, on one occasion cruelly twisting Dr. Jagan’s words to paint him as a racist – a history that makes his current defence of the PPP/C administration both ironic and telling. This context matters because it exposes how his positions are driven by political expedience rather than principle.
While Mr. Nascimento argues from his privileged position that ExxonMobil would refuse any request for renegotiation, he either deliberately misleads or displays stunning ignorance – the Agreement itself provides for renegotiation, and Exxon cannot refuse to engage in good-faith discussions. His confusion extends to defending contradictory positions: VP Jagdeo claims the renegotiation commitments never included the 2016 Agreement, while President Ali points to changed circumstances. They appear unable to synchronise their excuses.
General
This is not about point-scoring or abstract debate. It is about numbers and money, real money. With proven reserves of 13 to 15 billion barrels yet to be produced, securing a modest additional US$5 per barrel through improved terms — whether through royalty, profit share, or taxation – would generate between US$65 billion and US$75 billion in additional revenue for Guyana. This translates to US$81,250 – US$93,750 per citizen – money that would allow acceleration of physical and social infrastructure, higher salaries for our nurses, teachers, police and public servants, dignified old age pensions, and intergenerational savings.
To put this in perspective, the US$5 adjustment amounts to less than 12 US cents per gallon. The potential additional revenue represents schools unbuilt, hospitals unstaffed, infrastructure unrealised and savings for future generations forgone. These are the real stakes in this discussion.
The Guyanese people deserve better than recycled excuses and defeatist rhetoric. They deserve leaders who will fight for their interests, not cower behind geopolitical fears or blame predecessors. Until such leadership emerges, this debate will continue – because the people of Guyana expect their leaders to fight for their rights and for the billions being recklessly given up.
Yours sincerely,
Christopher Ram