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Guyana's Oil Wealth and Asset Ownership Debate | Guyana News
Guyana’s Vice President Bharrat Jagdeo is under fire for downplaying the nation’s rightful claim to oil assets, insisting Guyana only deserves 50% of revenue—not 50% of the companies or assets themselves. While ExxonMobil recouped $51 billion from its $55 billion cost bank by 2025, leaving just $4.5 billion unpaid, those funds financed critical infrastructure—including a $160 million office building and offshore rigs—paid for with Guyana’s money. Yet Jagdeo denies national ownership, sparking outrage that his stance favors corporate interests over the people. His vague position on asset…
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