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Guyana Demands Oil Profits Now | Guyana News

Guyana Demands Oil Profits Now | Guyana News

Published 1 week, 3 days ago
Description

Guyana’s opposition party APNU is demanding a pause on new oil projects until the government gets its full 50% profit share from ExxonMobil, arguing the company has already recouped its $55 billion investment ahead of schedule — triggering the agreement’s profit-split clause. With Exxon confirming its costs are fully paid, APNU warns approving more projects would delay Guyana’s rightful revenue and calls for immediate action to ensure the nation’s financial interests aren’t sidelined. The government remains silent on whether Guyana is currently receiving its share or how future projects will be managed — leaving critical questions unanswered as the country’s oil wealth hangs in the balance.

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