Govt. not keen on ring-fencing 8th project if approved
…ignores warning of World Bank, IMF, IEEFA, Chatham House, UNDP (Kaieteur News) – Although approval of another oil project could see Guyana’s share of profits fall from the current 39.8% to just 12.5%, the Government of Guyana (GoG) remains reluctant to introduce ring-fencing provisions to protect the country’s oil revenues. Ring-fencing would prevent ExxonMobil from using […] The post Govt. not keen on ring-fencing 8th project if approved appeared first on Kaieteur News .