ExxonMobil and its partners, CNOCC/Nexen and Hess Corp, on Tuesday announced a GYD$20 billion development plan titled “The Greater Guyana Initiative”, saying that the money would not have to be recovered.
“I want to be clear that these initiative will be fully funded by the Stabroek Block co-venturers and will not be part of the cost recovery process,” said President of ExxonMobil Guyana, Alistair Routledge at the virtual launch of the project.
Vice President Bharrat Jagdeo on Tuesday February 09, reiterated that Guyana does not have to repay monies spent by the co-venturers on social responsibility projects based on their own initiative. Continue reading