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Former Member

Guyanese will have to pick “better team” in 2020

August 28, 2017

Opposition MP says

– to lead, manage oil and gas industry

In mid-2020 Guyana could start producing commercial quantities of oil, and in that same year, the country will also be constitutionally due for another general election. Opposition Member of Parliament, Juan Edghill says Guyanese will have to choose then, which “team” is better to handle this important sector that could propel massive growth and development for the Guyanese economy.

Edghill told Guyana Times on Sunday that 2020 will be an important year for the aforementioned reasons, explaining that a competent Government would be required to manage the affairs of the economy, especially with the new addition of this sector, which could help to boost the country’s income and generate jobs for hundreds, if not thousands of Guyanese, from all walks of life.

“This will have to be an issue for the people of Guyana to determine, which will be the best team to lead this country to ensure its economic viability to come up with plans and engage the necessary expertise to ensure that Guyana favour most. The People’s Progressive Party/[Civic] (PPP/C) has however always been the better team and is ready and willing to properly manage this sector,” he posited.

The former Junior Finance Minister reflected on the progress made under the PPP/C Administration compared with that of the previous People’s National Congress (PNC) and that of the current coalition A Partnership for National Unity/Alliance For Change (APNU/AFC) Government. “There is nothing to boast about,” Edghill said, while pointing out that the PPP/C has brought about significant changes and rapid development not only to coastland areas, but also in communities across Guyana.
Aside from that, Edghill said there has been growing incompetence within the current David Granger-led Administration when it comes to handling issues relating to the petroleum sector.

He opined that members of the coalition Government are not “prepared to handle” this enormous sector, explaining that they lack capacity at various levels. “I don’t think Government has the capacity. They are feeling their way and they don’t want to admit that they don’t have the capacity. It’s a pride issue,” the former Minister stated.

He also noted that the Government is dealing with a multibillion-dollar company which can hire the best skills from around the world and that Guyana should seek to have highly skilled professionals working alongside the Government whenever they meet with these oil companies.

“You have people in Government who are pretenders. They don’t know, they are not surrounding themselves with people who know and they are mouthing off clichés that doesn’t inspire confidence. And ExxonMobil will make rings around them and that is a great concern for us in this country.”

Edghill also agrees with Opposition Leader Bharrat Jagdeo’s opinion that Government should release the contract it signed with ExxonMobil. He said once that is done, “We wouldn’t be talking percentage in a vacuum; we will be talking about this in the context of what the contract says. So, we are not exploring anymore. We have ideas of what quantities exist. Let us see the entire contract.”

Although the discovery of oil is welcoming, some Guyanese believe that Government should start taking the necessary steps towards the proper management of the resource. Guyana is poised to make huge profits from the oil industry, with the country projected to produce an estimated 100,000 barrels of oil per day. Annual profits, based on an average price of US$50 per barrel, could earn Guyana billions.

According to the International Monetary Fund (IMF) 2017 Staff Report, 75 per cent of total oil revenues will be extracted by ExxonMobil for those costs. Of the 25 per cent left for distribution, based on the 50/50 sharing agreement, Exxon will get 12.5 per cent and Government 12.5 per cent.

Exxon’s oil find in Guyana has attracted international attention, with a number of seminars being held over time. In addition, assistance is being provided by the IMF to boost Guyana’s administrative capacity to handle the expected

http://guyanatimesgy.com/guyan...better-team-in-2020/

Replies sorted oldest to newest

Former Member

Prince posted:
Guyanese will have to pick “better team” in 2020
August 28, 2017

Opposition MP says
– to lead, manage oil and gas industry

In mid-2020 Guyana could start producing commercial quantities of oil, and in that same year, the country will also be constitutionally due for another general election. Opposition Member of Parliament, Juan Edghill says Guyanese will have to choose then, which “team” is better to handle this important sector /

Guyanese have a real problem given that both alternatives have proven to be corrupt and incompetent.

8/28/177:01 PM

TolaSenior Member

It is unfortunate that the AFC is tainted with the PNC. They might have a tough time in Berbice. As well as the PPP, if the voters remember the past of their nastiness and victimization.

8/28/177:44 PM

Former Member

Tola, Indos will NEVER forget what PNC did and is still doing to them.

8/28/178:17 PM

Former Member

It's obvious that the coalition government is so incompetent that they failed miserably even when they give their best. Juan Edghill message is nothing new. Its just a reminder of what we already know. We the people have already said it and experience it. Ask the people in the homeland and they too will tell you how disgusted they felt about this current government.

8/28/178:51 PM

Former Member

yuji22 posted:
Tola, Indos will NEVER forget what PNC did and is still doing to them.

And blacks will not forget the "slow Holocaust" that they suffered under Jagdeo and Ramotar.

8/29/1712:00 AM

Former Member

Cobra posted:
It's obvious that the coalition government is so incompetent that they failed miserably even when they give their best. .

the scandalous situation of Skeldon and the "Heist of Guyana" chronicled by Kaiteur News show that the PPP was just as disastrous.

Put it this way I have not heard any complaints of para militia squads victimizing the opposition as happened under Jagdeo with his phantoms and all of those Hammie Green thugs that he had as part of his apparatus.

You will note that none of the Burnham thugs have been allowed into APNU.

8/29/1712:07 AM

Former Member

caribny posted:
Cobra posted:
It's obvious that the coalition government is so incompetent that they failed miserably even when they give their best. .
the scandalous situation of Skeldon and the "Heist of Guyana" chronicled by Kaiteur News show that the PPP was just as disastrous.
Put it this way I have not heard any complaints of para militia squads victimizing the opposition as happened under Jagdeo with his phantoms and all of those Hammie Green thugs that he had as part of his apparatus.
You will note that none of the Burnham thugs have been allowed into APNU.

Jagdeo has been and will be you and the PNC worst nightmare. The Burnham thugs are embedded in the PNC; no need to "allow".

8/29/179:34 AM

Former Member

caribny posted:
Cobra posted:
It's obvious that the coalition government is so incompetent that they failed miserably even when they give their best. .
the scandalous situation of Skeldon and the "Heist of Guyana" chronicled by Kaiteur News show that the PPP was just as disastrous.
Put it this way I have not heard any complaints of para militia squads victimizing the opposition as happened under Jagdeo with his phantoms and all of those Hammie Green thugs that he had as part of his apparatus.
You will note that none of the Burnham thugs have been allowed into APNU.

Killing the sugar industry is worst than the inoperable Skeldon factory. What is the PNC doing to correct this problem? Nothing? I thought so.

8/29/1710:44 PM

cainTired old hippie

skeldon_man posted:
caribny posted:
Cobra posted:
It's obvious that the coalition government is so incompetent that they failed miserably even when they give their best. .
the scandalous situation of Skeldon and the "Heist of Guyana" chronicled by Kaiteur News show that the PPP was just as disastrous.
Put it this way I have not heard any complaints of para militia squads victimizing the opposition as happened under Jagdeo with his phantoms and all of those Hammie Green thugs that he had as part of his apparatus.
You will note that none of the Burnham thugs have been allowed into APNU.

Jagdeo has been and will be you and the PNC worst nightmare. The Burnham thugs are embedded in the PNC; no need to "allow".

Who are those thugs, House of Israel hanging with?

8/29/1711:20 PM

Former Member

Cobra posted:
Y
Killing the sugar industry is worst than the inoperable Skeldon factory. What is the PNC doing to correct this problem? Nothing? I thought so.

You know what is interesting. You blame the PNC for doing nothing to CORRECT the problem, meaning that you know it is not them who are to blame for the problems.

Now why don't you blame those who CREATED the problem which needs to be corrected? Yes blame the PPP.

Blacks are to blame for all, even if an Indo man cannot pleasure his wife.

8/29/1711:28 PM

Former Member

cain posted:

Who are those thugs, House of Israel hanging with?

Skeldon will soon scream that you are obsessed with Jagdeo. He will NEVER answer that question or discuss what violent acts have been committed by APNU since 2015.

8/29/1711:29 PM

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Topics

Guyanese will have to pick “better team” in 2020

Opposition MP says

– to lead, manage oil and gas industry

He also noted that the Government is dealing with a multibillion-dollar company which can hire the best skills from around the world and that Guyana should seek to have highly skilled professionals working alongside the Government whenever they meet with these oil companies.

“You have people in Government who are pretenders. They don’t know, they are not surrounding themselves with people who know and they are mouthing off clichés that doesn’t inspire confidence. And ExxonMobil will make rings around them and that is a great concern for us in this country.”

According to the International Monetary Fund (IMF) 2017 Staff Report, 75 per cent of total oil revenues will be extracted by ExxonMobil for those costs. Of the 25 per cent left for distribution, based on the 50/50 sharing agreement, Exxon will get 12.5 per cent and Government 12.5 per cent.

Exxon’s oil find in Guyana has attracted international attention, with a number of seminars being held over time. In addition, assistance is being provided by the IMF to boost Guyana’s administrative capacity to handle the expected

Guyanese will have to pick “better team” in 2020

Opposition MP says

– to lead, manage oil and gas industry

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