Oil Concessions and Broken Promises | Guyana News
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Oil Concessions and Broken Promises | Guyana News
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Chartered accountant Christopher Ram delivers a scathing critique of Guyana’s oil sector, holding both current and former governments accountable for decades of weak oversight and corporate favoritism. He argues that systemic failures — from the 1999 agreement to the 2016 Exxon deal and beyond — have consistently prioritized foreign oil companies over national interests. Ram highlights repeated concessions, poor transparency, and the Ministry of Natural Resources’ lack of expertise, warning that the real threat isn’t the contracts themselves, but the government’s refusal to fix the underlying governance failures.
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