Guyana’s Oil Assets at Risk | Guyana News

A Trinidad and Tobago energy expert warns Guyana not to repeat its past mistakes in managing oil assets, revealing how oil companies finance production and bill Guyana—effectively using the nation’s own oil to pay for equipment and infrastructure. With decades of experience, Anthony Paul urges Guyana to learn from Trinidad’s century-long oil legacy, where valuable assets were transferred to private operators and later sold, leaving citizens questioning why they didn’t capture more value. Despite a 2016 agreement stating Guyana should receive assets for free upon contract end, the Vice President now claims Guyana doesn’t own them outright—risking ExxonMobil selling them and Guyana only getting a share of profits or half the assets if dissolved. This contradiction sparks fierce debate over ownership and value capture in Guyana’s booming oil sector. 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/81123d7111e8af2b