Guyana vigorously defended its oil contract with ExxonMobil after the deal was criticized by human-rights group Global Witness just a month before the country holds a general election.
The report faulted “inexperienced” government officials for failing to press for better terms when the contract came up for renegotiation in 2016, the year after Exxon made a giant oil discovery. The deal was signed with little transparency, is heavily weighted in Exxon’s favor and will deprive the tiny South American country of some $55 billion over the life of the agreement, it said.
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