Is Guyana Getting a Fair Deal for its Oil? – By Dr. Dhanpaul Narine

– By Dr. Dhanpaul Narine

I recently moderated a panel discussion on oil and gas in Guyana. The panel was made up of professionals that are household names in their own right.

Dr Tarron Khemraj is a professor of Economics in Florida. He writes a column in the ‘Stabroek News’ on economics and business and his interests include oil and gas.

Dr. Jan Mangal is a graduate in off -shore technology and has a PhD from Oxford. He was an advisor to President David Granger.

Christopher Ram is an attorney that is based in Guyana. He has a television show, and is involved in civic matters in Guyana. He holds a Master’s Degree in Oil and Gas.

READ MORE: – Is Guyana getting Fair Deal for its Oil – By Dr Dhanpaul 

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Comments

  • Trevor  On July 5, 2019 at 11:25 pm

    Pay for a Manager at Ansa Mcal, Geddes Grant subsidiaries, and our local Banks DIH is GY$150,000-$200,000 a month, or US$750-$1,000 in American dollars.

    Average pay for a tertiary educated employee is GY$60,000 or US$300 a month.

    NYC minimum wage is US$15/hr, and this is for entry-level unskilled jobs.

    Healthcare is indeterminately funded, and one will die of complications for c-section births or severe strokes and heart attacks, because there isn’t up-to-date equipment.

    Will the oil companies import their own labour, charge high labour costs by giving high salaries to their cohorts, and then reduce their profits this way?

    Badal could forsee that the rooms of his future managed 12 storey Pegasus tower will be filled to the brim with Exxon officials and CSWs, while Guyana foots the bill and shafts us.

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