Guyana to seek better royalties and terms for future oil contracts
by Antonia Juhasz and Reuters from Environment | The Guardian on (#5NFYC)
Country's vice-president's remarks after investigation highlighted concerns about ExxonMobil deal
Guyana will seek much better terms for any future oil deals than their contract with ExxonMobil, the country's vice-president said on Tuesday.
The tiny South American country has become one of the most desired oil exploration spots after an ExxonMobil-led group, which also includes the US-based exploration firm Hess Corp and the Chinese oil company CNOOC, discovered about 9bn barrels of recoverable oil and gas off the coast.
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