Guyana earns US$61m from 5th lift of oil

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Django

March 10 ,2021

With the recent surge in petroleum prices, Guyana has earned US$61m for its fifth lift of a million barrels of oil – its highest price to date – taking its total earnings inclusive of royalties to US$267.6m.

The Ministry of Natural Resources today said that “In keeping the Government’s commitment to accountability and transparency in the Petroleum Sector, the Ministry of Natural Resources is pleased to announce that the payment for Guyana’s fifth oil lift was received into the Natural Resources Fund Account.

“On February 05, 2021, 997,420 barrels of oil were lifted from Liza Destiny with a value of US$ 61,090,968.03 with a grand total to date of 5,009,797 barrels of oil worth US$ 246,542,662. Inclusive of Royalties the total in the Natural Resources Fund Account now stands at US$267,668, 709.12”.

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Former Member

How much is Guyana paying Exxon?

3/10/217:46 PM

DjangoAdmin

@Former Member posted:
How much is Guyana paying Exxon?

Approximately six times the amount.

3/10/218:15 PM

Former Member

Well, Dojangles, the oil was there; we.didn't find it or exploit.it or can even defend.ownership.of it. because it is in.our section of the ocean, but our governmentS could have argued for a better deal! Like other countries have had! Ownership of anything is God's! Anyone claiming ownership of anything had better be.prepared to successfully defend that ownership from.others! All we CAN do is appeal to world opinion! Hey, today it's my turn; maybe yours tomorrow!

3/10/219:10 PM

Former Member

@Django posted:
Approximately six times the amount.

Inclusive of their taxes that Guyana is expected to pay?

3/10/219:15 PM

Former Member

That $18M signing bonus made the Coalition government bassidy that they gave away the whole farm over it.

3/11/2110:53 AM

Former Member

@Former Member posted:
That $18M signing bonus made the Coalition government bassidy that they gave away the whole farm over it.

Well, with only a 1 seat majority they preferred to think.of today rather than tomorrow! Been out of power too long and hungry! No confidence in tomorrow or the people! Now, what positive thing will they do? Behave like hooligans in Parliament? How is that going to help their already tarnished image, Joe?

3/11/2111:10 AM

Former Member

@Former Member posted:
That $18M signing bonus made the Coalition government bassidy that they gave away the whole farm over it.

I must ask wtf is 'bassidy'? It's not in any dictionary!

3/11/2111:11 AM

TotaramSenior Member

The dishonesty of PPP sycophants is nauseating. The initial contract with Exxon was signed by the PPP. Subsequently the Coalition actually negotiated an improvement . The PPP in the last campaign promised to renegotiate parts of that agreement but have not done so. Who gave away what farm?

3/11/2111:33 AM

Former Member

@Former Member posted:
I must ask wtf is 'bassidy'? It's not in any dictionary!

Shally ---

'bassidy' ....

Well, you know that ..

bass --- is a fish

id --- is identification

Soooo, put them together to find the meaning.

3/11/2111:34 AM

Former Member

@Former Member posted:
Shally ---
'bassidy' ....
Well, you know that ..
bass --- is a fish
id --- is identification
Soooo, put them together to find the meaning.

I understand! Guyanese gibberish, huh? Helps push the image further into the world of the irredeemably stupid!

3/11/2111:40 AM

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