The cost of a horrible oil deal! Guyana gave away oil companies US$2.4B taxes in 2025 now borrowing US$2.6B for 2026 budget

(Kaieteur News) – ExxonMobil, Hess and CNOOC in 2025 walked out of Guyana without paying a cent in taxes to the Guyana Revenue Authority (GRA), resulting in a massive US$2.4B in revenue loss to the country. This is according to the 2025 financials of the Stabroek Block partners reviewed by Kaieteur News. The financial statements for […] The post The cost of a horrible oil deal! Guyana gave away oil companies US$2.4B taxes in 2025 now borrowing US$2.6B for 2026 budget appeared first on Kaieteur News.

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Jun 14, 2026 - 14:17
The cost of a horrible oil deal! Guyana gave away oil companies US$2.4B taxes in 2025 now borrowing US$2.6B for 2026 budget

(Kaieteur News) – ExxonMobil, Hess and CNOOC in 2025 walked out of Guyana without paying a cent in taxes to the Guyana Revenue Authority (GRA), resulting in a massive US$2.4B in revenue loss to the country. This is according to the 2025 financials of the Stabroek Block partners reviewed by Kaieteur News. The financial statements for […]

The post The cost of a horrible oil deal! Guyana gave away oil companies US$2.4B taxes in 2025 now borrowing US$2.6B for 2026 budget appeared first on Kaieteur News.

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