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Exxon grabs US$8.4B out of US$11.8B revenue made in 2023 for cost recovery – Bank of Guyana report

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With lack of ring-fencing… Kaieteur News – In the absence of ring-fencing provision, ExxonMobil Guyana Limited (EMGL) in 2023 deducted a whopping US$8.4B of approximately US$11.8B in oil revenue generated in the Stabroek Block to repay its investments. The Bank of Guyana in its 2023 Annual Report revealed, “The capital account recorded a lower deficit […]

The post Exxon grabs US$8.4B out of US$11.8B revenue made in 2023 for cost recovery – Bank of Guyana report appeared first on Kaieteur News.

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