Skip to main content

Exxon paid US$18m bonus for 10-year extension of agreement – Henson

After months of evasion, the government today released the production sharing agreement with ExxonMobil’s subsidiary, EEGLP and the company’s local head, Rod Henson said that the the US$18m signing bonus was paid for the 10-year extension of the pact.

The agreement is available below:

Download (PDF, 4.4MB)

The government unveiled the agreement in a blaze of publicity in the Rupununi Room of the Ministry of the Presidency in the presence of President David Granger, his Cabinet and other officials but without any representative of the PPP/C whose leader, Bharrat Jagdeo also boycotted.

Representatives from civil society and the media were on hand to hear Minister of Natural Resources, Raphael Trotman defend the government’s decision to seek an extension of the agreement and make minor modifications to it.

Replies sorted oldest to newest

kp posted:

LIES AND MORE LIES, Granger and gang stated the bonus was for legal fees to defend against Venezuela.

They also claimed that these conditions were in the original agreement signed by the PPP. When the PPP requested the agreement, they insisted that the PPP also had the agreement since they signed it.

This defend against Venezuela scheme is as fraudulent as Burnham's Defense Savings Bonds. 

FM
Drugb posted:

Where are the loudmouths like d2, django, lilmohan et al who were screaming that ppp were giving away Guyana for pennies? 

You disagree that the PPP gave away Guyana for pennies?

A

The stinking LIARS and DUMMIES in the GOVT and on GNI AKA FILTH HEADS would give Guyana way for pennies. Ian Smith would love the cOntract as long as an Afro Govt in Power and Django is too stupid to know the contract is not a blessing for Guyana!!!!!

Nehru
antabanta posted:
Drugb posted:

Where are the loudmouths like d2, django, lilmohan et al who were screaming that ppp were giving away Guyana for pennies? 

You disagree that the PPP gave away Guyana for pennies?

I forgot to include you in the above mentioned list. By the same token, these loudmouths should be criticizing the pnc/afc, but silence is golden. 

FM
Drugb posted:
antabanta posted:
Drugb posted:

Where are the loudmouths like d2, django, lilmohan et al who were screaming that ppp were giving away Guyana for pennies? 

You disagree that the PPP gave away Guyana for pennies?

I forgot to include you in the above mentioned list. By the same token, these loudmouths should be criticizing the pnc/afc, but silence is golden. 

So you disagree that the PPP gave away Guyana for pennies?

A

Signing bonus real reason for keeping Exxon agreement secret – Jagdeo

Bharrat Jagdeo

An article enshrining the US$18m signing bonus in the 2016 agreement between Guyana and ExxonMobil’s subsidiary was clearly the reason why the government kept the document hidden, according to Opposition Leader Bharrat Jagdeo.

A statement today from Jagdeo follows:

The reason for refusing to make the contract with ExxonMobil public over a year and a half after it was signed, in spite of a relentless campaign by the media, many civil society and international organizations and the Parliamentary political opposition, was made apparent now that the contract has emerged today. The now revealed contract exposes the false claims by the government that a clause inserted in the Petroleum Act by the PPP and national security concerns prevented its disclosure.

The primary reason for keeping the agreement secret, despite it being registered at the Deeds Registry which made it a public document, is contained in article 33, which provides for a signing-bonus of US$18 mln .

Bharrat Jagdeo

The signing bonus as revealed by diligent work done by the media, was paid into a secret account at the Bank of Guyana with strict instructions not to transfer it into the Consolidated Fund, in flagrant violation of Article 216 of the Constitution and the Fiscal Management and Accountability Act. Several Cabinet members refused to acknowledge the existence of the signing bonus. The Minister of Finance even said was a “figment of the imagination” and that they never received a signing bonus nor did they ask for one although it was already paid into the secret account since September 2016.

Now that their sinister plan to squirrel-way the US $18 mln has been exposed there is no compelling reason to keep the agreement secret any longer.

There are still many unanswered questions that the government needs to come clean on, for example who negotiated the signing bonus and how was the figure of US$18 mln arrived at?

However, over the next few days I will examine the contract in details and offer our perspective on it.

 

K

See how short and clear this article is? Not like some of those long convoluted ten pages articles in Kaieteur News that goes around in circles. Jagdeo listed his immediate observations but stated that he will offer his perspective on the entire contract after he has examined its details. 

FM
antabanta posted:
Drugb posted:
antabanta posted:
Drugb posted:

Where are the loudmouths like d2, django, lilmohan et al who were screaming that ppp were giving away Guyana for pennies? 

You disagree that the PPP gave away Guyana for pennies?

I forgot to include you in the above mentioned list. By the same token, these loudmouths should be criticizing the pnc/afc, but silence is golden. 

So you disagree that the PPP gave away Guyana for pennies?

Don't know about ppp giving away Guyana for pennies nor am I concerned about PPP and the past they are not in power right now, it is pnc/afc in power. You pnc/afc supporters using an interesting strategy, blame ppp and take the focus away from pnc/afc jackasses. 

FM
Drugb posted:
antabanta posted:
Drugb posted:
antabanta posted:
Drugb posted:

Where are the loudmouths like d2, django, lilmohan et al who were screaming that ppp were giving away Guyana for pennies? 

You disagree that the PPP gave away Guyana for pennies?

I forgot to include you in the above mentioned list. By the same token, these loudmouths should be criticizing the pnc/afc, but silence is golden. 

So you disagree that the PPP gave away Guyana for pennies?

Don't know about ppp giving away Guyana for pennies nor am I concerned about PPP and the past they are not in power right now, it is pnc/afc in power. You pnc/afc supporters using an interesting strategy, blame ppp and take the focus away from pnc/afc jackasses. 

That's right. You are the most ignorant poster.

Mitwah
Bibi Haniffa posted:

We have heard a million stories of what the signing bonus was for.  The real  issue is why was it kept secret until Christopher Ram blew their cover? 

Lilmohan and company will not answer this question as they have done a 360 now that their govt is in power. Corruption is only possible when PPP is in power I suppose. 

FM
Drugb posted:
antabanta posted:
Drugb posted:
antabanta posted:
Drugb posted:

Where are the loudmouths like d2, django, lilmohan et al who were screaming that ppp were giving away Guyana for pennies? 

You disagree that the PPP gave away Guyana for pennies?

I forgot to include you in the above mentioned list. By the same token, these loudmouths should be criticizing the pnc/afc, but silence is golden. 

So you disagree that the PPP gave away Guyana for pennies?

Don't know about ppp giving away Guyana for pennies nor am I concerned about PPP and the past they are not in power right now, it is pnc/afc in power. You pnc/afc supporters using an interesting strategy, blame ppp and take the focus away from pnc/afc jackasses. 

Really? I can't believe anyone in their right mind would pretend such ignorance.

A
Drugb posted:
antabanta posted:

Really? I can't believe anyone in their right mind would pretend such ignorance.

Go look in the mirror and you will find such a person. 

That's deep, really, really deep. So as far as you're concerned, the Rat and his gang did no wrong, can do no wrong, and will never do wrong. That's your definition of "slop-can carrier" and "soupie"... correct?

A
antabanta posted:
Drugb posted:
antabanta posted:

Really? I can't believe anyone in their right mind would pretend such ignorance.

Go look in the mirror and you will find such a person. 

That's deep, really, really deep. So as far as you're concerned, the Rat and his gang did no wrong, can do no wrong, and will never do wrong. That's your definition of "slop-can carrier" and "soupie"... correct?

I don't know any rat or am I concerned about the past and digging for skeletons, only the present is relevant to this discussion.  You along with Lilmohan/pnc had 2 1/2 years to jail all relevant PPP criminals and to date zero has been jailed and zero funds allegedly stolen by the PPP has been recovered, also zero development. DG has a tracker thread for each of these items and so far has reported none. Come in DG and let us hear the the updates. 

A soupie is a person who align themselves with a political party for political gain. Do you fit the profile? I certainly have no affiliation with the PPP or PNC. 

FM
Drugb posted:
antabanta posted:
Drugb posted:
antabanta posted:

Really? I can't believe anyone in their right mind would pretend such ignorance.

Go look in the mirror and you will find such a person. 

That's deep, really, really deep. So as far as you're concerned, the Rat and his gang did no wrong, can do no wrong, and will never do wrong. That's your definition of "slop-can carrier" and "soupie"... correct?

I don't know any rat or am I concerned about the past and digging for skeletons, only the present is relevant to this discussion.  You along with Lilmohan/pnc had 2 1/2 years to jail all relevant PPP criminals and to date zero has been jailed and zero funds allegedly stolen by the PPP has been recovered, also zero development. DG has a tracker thread for each of these items and so far has reported none. Come in DG and let us hear the the updates. 

A soupie is a person who align themselves with a political party for political gain. Do you fit the profile? I certainly have no affiliation with the PPP or PNC. 

Why were no corrupt PNC officials after 1992? Does that mean there was no corruption during the PNC reign? If not, then you have no complaint about the PNC's reign? So then, what is your beef with the PNC?

Are you saying that your kissing the Rat's nasty ass does not qualify you as a soupie and slop-can carrier?

A

Add Reply

×
×
×
×
×
Link copied to your clipboard.
×
×