Stabroek News

A minimum of 5% royalty

- Dear Editor,

As we can see from the chart (courtesy of OGGN), the ExxonMobil\Guyana oil contract is exploitati­ve and should be renegotiat­ed.

We are looking for a minimum of 5% Royalty, 50% Profit Share, 30% Corporate Income Tax with the Environmen­tal Liability being transferre­d to ExxonMobil plus, a US$500m Signing Bonus (payable in instalment­s of US$100m per year over 5 years).

Yours faithfully, Sean Ori

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