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Exxon’s Cost Recovery Under Scrutiny | Guyana News
Opposition Leader Azruddin Mohamed is demanding transparency from the Guyanese government over ExxonMobil’s cost recovery in the Stabroek Block, arguing that billions in oil revenues rightfully belong to Guyana. While Exxon claims $4.5 billion remains unrecovered, calculations suggest current production and prices have already covered those costs — meaning Guyana should be receiving its full 50% profit share. Mohamed questions why there’s no official announcement on cost recovery completion and whether ongoing deductions are blocking Guyana’s rightful revenue. Chartered accountant Christopher…
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