Tag Archives: Vice President

GUYANA: Oil pushing rush for Guyanese citizenship but government being cautious – Vice President Jagdeo

By OilNOW – February 5, 2022

Dr. Bharrat Jagdeo

OilNOW is an online-based Information and Resource Centre

With massive developments set to take place in the energy sector, specifically as it relates to the multi-billion-US dollar oil and gas subsector, there has been a rush for documentation for Guyanese citizenship says Vice President, Dr. Bharrat Jagdeo.

Jagdeo said, “We made it clear that the people of this country must benefit from the industry and that issue has been ventilated extensively about how we are going to protect Guyanese businesses and Guyanese persons in getting jobs. But we have to be very cautious because too suddenly people are coming in for passports and (other documentation).”        Continue reading

Exxon says it will take its money elsewhere… “If that is a threat, it will not work” – Jagdeo

– Govt. will continue its due diligence; we will not be rushed – Vice President Jagdeo

“…Guyana is one of the better opportunities for us in the ExxonMobil portfolio (but) it is not the only one. And indeed, if we don’t get the agreement as we are looking for on Payara (the company’s third Field Development Plan), the investment money will go elsewhere in ExxonMobil’s portfolio.” Those were the words of ExxonMobil’s Country Manager, Alistair Routledge, during an online interview yesterday which Kaieteur News and other media entities were not invited to.

Vice President Bharrat Jagdeo

Since making the comment, many local and international transparency advocates expressed concern that the American oil giant is issuing a threat to a Sovereign State while it exercises its right to review all aspects of the Payara plan. But if the company intended to send a threat to Guyana, Vice President, Dr. Bharrat Jagdeo, categorically stated that it would not work. During an invited comment with this newspaper last evening, Dr. Jagdeo stressed that the position as noted by the company will have no effect on the quality of due diligence being carried out by the government on ExxonMobil’s Payara Field Development Plan (FDP).    Continue reading