Tag Archives: Exxon Mobil Oi contract – Guyana

GUYANA: OIL: Is Guyana the next Angola? Oil wealth with poverty, debt and corruption -Opinion

GUYANA BEWARE:  Apr 06, 2022 – Editorial – Kaieteur News

Since the 1990s, Angola has been the destination of the hunter-predators that are oil companies.  They went there in droves, and the names should be familiar to Guyanese because they are right here now.  America’s Exxon and France’s Total are two of the bigger names that led the charge into Angola.  From a peak of 1.9 million barrels a day, production declined to around 1.4 million barrels daily last year.

One would have thought that Angolans were rolling in prosperity, among the most well taken care of people in the world.  They are not, and now come the lessons, another cautionary tale for Guyanese.            Continue reading

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