in the world has been found right here
in Guyana. He also talked up the future
as protestors demanded a renegotiation
of the contract, signed more than 20
years ago when the basin was unproven
and controversially amended by the last
government.
“We expect to have six projects produced
by 2027 and see the potential for
another four in later years,” Woods also
said. This could mean that the highly
prolific Stabroek Block will be producing
more than a million barrels daily,
making Guyana one of the largest producers.
In the region, Guyana is by far the
biggest producer, surpassing Suriname’s
16,000 barrels daily from onshore wells
and 1,600 in Barbados, also from onshore
wells. Companies like Exxon, Total and
Apache Oil are rushing to convert the
Suriname find to full production in the
next three years or so.
As Exxon continues to ramp up and
press local authorities to approve new
production fields, there is growing pressure
on the Irfaan Ali administration to
find ways of renegotiating arrangements
with Exxon, particularly as it pertains to
production sharing deals, royalty payments,
Exxon’s tax payment obligations,
oil spill mitigation and avoidance plans
Healthy Gums and Teeth for a Lifetime!
Gentle and Effective Treatment!
St. Marks Painless Dental
Caribbean Life, F 12 ebruary 18-24, 2022
and the cost of production. The deal is
regarded as one of the most lopsided in
the world.
Activist and Guyana Kaieteur News
publisher, Glenn Lall Wednesday argued
that all national efforts must be made
to renegotiate the deal with Exxon so
the country can get a better deal from
the level of success Exxon and consortium
partners Hess Oil and China’s
CNOOC have achieved in Guyana. Current
clauses mean that the consortium
recovers up to 75 percent of production
as cost oil, leaving 25 percent to be split
evenly with Guyana. Additionally, Guyana
gets a mere two percent in royalty
payments.
Continued from Page 1
of whom were on the frontlines of
COVID-19 from the start, continue
to suffer the brunt of limited access
to healthcare,” he added. “We cannot
and should not ignore the burden that
Black New Yorkers and immigrant
communities across the city and state
bear when facing life or death decisions
about their health.
“If we are to truly come back as a
stronger, fairer New York, Gov. Hochul
and the Legislature must prioritize
and pass health Coverage for All,”
Awawdeh urged.
Amanda Lugg, ASC’s interim coexecutive
director, said: “The time is
now to expand health care coverage
for all New York residents, regardless
of their immigration status.
“Celebrating Black History Month
during the COVID-19 pandemic
presents an opportunity to center
the voices of immigrants, refugees,
and asylees from across the African
Diaspora in this call for action,” she
added.
As of Tuesday, both versions of the
Coverage 4 All bill (A880A/S1572A)
have moved out of each legislative
houses’ Health committees.
The Assembly bill will move to the
Ways & Means Committee, while the
Senate version is heading to Finance.
NYIC has placed the cost of the
bill at $345 million in order to cover
tens of thousands of uninsured New
Yorkers.
#Coverage4All is a campaign to
expand health insurance to all New
Yorkers.
The campaign is a coalition of community
members, community organizations,
health care providers, legal
service providers, and labor, immigrant
and health care consumer advocates.
“Our objective is to create a
statewide health insurance product
for New Yorkers who are excluded from
eligibility for coverage because of their
immigration status, by enacting A880/
S1572,” it said.
A campaign of Health Care for All
New York (HCFANY), #Coverage4All is
led by the New York Immigration Coalition
and Make the Road New York.
Founded in 1981 by Ethiopian refugees
to give a helping hand to other
newcomers, today ASC said it is a multiservice
human rights agency based
in Harlem and dedicated to assisting
immigrants, refugees and asylees from
across the African Diaspora.
Continued from Page 1
Exxon CEO Darren Woods, Guyana’s
President Mohamed Irfaan Ali and
Prime Minister of Barbados Mia Mottley
attend an International Energy
Conference held in Georgetown,
Guyana, Feb. 15, 2022. REUTERS/
Sabrina Valle
Immigrant advocates rally
for Coverage for All
EXXON BOASTS
EXPLOIT
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813 Nostrand Ave.
Bet. Union & President streets
718-778-3283
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