Tag Archives: Vice President- Dr. Bharrat Jagdeo

GUYANA: Most Regions Remain Flooded; G$10B (app $US 45M) in funding planned to address flooding

Guyana Map showing Regions

 

Despite a respite in some areas, floodwater remained at significant levels in most of the country’s regions yesterday as authorities continued to mobilise help for victims.

Residential and farm lands along the riverine villages in regions 1, 2, 5, 7, 8, 9 and 10 are the worst affected and the respective Regional Chairs have concluded that these communities will face economic hardships in the coming months as the floods have decimated the livelihoods of many.
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GUYANA: OIL: “Wishful thinking” that Payara could be leveraged to renegotiate Stabroek deal – Jagdeo

VP Dr. Bharrat Jagdeo

Vice President, Dr. Bharrat Jagdeo yesterday said that it is wishful thinking to assume that the Payara development permit could have been leveraged to demand a better Production Sharing Agreement (PSA) from ExxonMobil.

The politician delivered his latest rebuke of calls to get a better deal during a press conference at the Arthur Chung Conference Centre. The 2016 deal signed for Exxon’s operations in the Stabroek Block by former Minister of Natural Resources, Raphael Trotman has been widely condemned for a string of poor provisions, including a paltry two percent royalty share. The People’s Progressive Party Civic (PPP/C), which took office in August, has criticised, but refuses to renegotiate, the deal.      Continue reading