Aug. 18, 2021

Guyana to Increase Oil Royalties and Revamp Contract Terms for Future Oil Projects

Article by Marianna Parraga, Offshore Engineer

Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday. The tiny…

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