Guyana receives US$81M in royalty payments for two years but gives away US$657M in taxes in one year
For the period April 28, 2020 to January 27, 2022, Guyana received US$81 million in royalty payments, scraped from the two percent deal it signed with US oil major, ExxonMobil, back in 2016. When converted to local currency, this amounted to just over $16 billion. This was...