Royalties, cost recovery, and contracts explained

Royalties, cost recovery, and contracts explained

RECENTLY, critics of Guyana’s expanding energy sector and the country’s rapid rise as a major oil producer have continued to stir the conversation surrounding royalties. The claims have sometimes conflated Guyana’s oil contract, its debt, and the royalties it is entitled to. Back in early February, Guyana’s national budget of G$552.6 billion was approved and …

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