MORE than two years into oil production, misunderstandings and rumors continue to circulate around Guyana’s Stabroek Block Production Sharing Agreement (PSA). One prominent opponent of global oil development, Tom Sanzillo, recently claimed that Guyana will have a “hidden liability” of more than G$6.27 trillion owed to oil companies, a claim that Vice President Bharrat Jagdeo …
Cost recovery is not debt, despite claims
