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Guyana Oil Profits Clarified | Guyana News
Guyana’s oil profits are under scrutiny, but the Ministry of Natural Resources is clarifying that the country’s actual share is 50%, not the often-cited 39.8% — which only reflects pre-cost oil allocation. They debunk myths about cost-recovery caps and early payout, explaining these actually accelerate Guyana’s profit timeline. To boost transparency, the Ministry will soon release monthly production, shipments, royalties, and detailed entitlement math — while holding off on public audit discussions to protect national interests. The message: oil belongs to the people, and the math behind…
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