Exxon’s Cost Recovery Under Scrutiny | Guyana News

Opposition Leader Azruddin Mohamed is demanding transparency from the Guyanese government over ExxonMobil’s cost recovery in the Stabroek Block, arguing that billions in oil revenues rightfully belong to Guyana. While Exxon claims $4.5 billion remains unrecovered, calculations suggest current production and prices have already covered those costs — meaning Guyana should be receiving its full 50% profit share. Mohamed questions why there’s no official announcement on cost recovery completion and whether ongoing deductions are blocking Guyana’s rightful revenue. Chartered accountant Christopher Ram adds that Exxon and its partners are earning far more than Guyana despite the 50-50 split, and the lack of disclosure on recoverable costs obscures how oil money is being divided. The opposition is calling for immediate release of detailed financial figures to ensure the public understands how Guyana’s oil wealth is being managed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1a780caa91bab151