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Exxon Recouped Risk Guyana Must Act | Guyana News
ExxonMobil has fully recouped its $55 billion investment in Guyana’s Stabroek Block, eliminating its financial risk — and according to attorney Christopher Ram, this is the ideal moment for Guyana to renegotiate its 2016 oil deal. For years, Exxon has pocketed 75% of revenues while Guyana gets just 12.5%. Ram argues the government should demand fairer terms: Exxon must pay regular taxes, tax breaks should have expiration dates, royalties should rise to 6–10%, each license should be a separate cost center with 50% recovery caps, and decommissioning costs must fall entirely on companies — not…
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