Guyana opposition leader demands larger state share in new oil projects

Guyana's opposition leader Aubrey Norton argues that since ExxonMobil has recovered its investment costs on seven approved projects, the government's profit share has risen from 12.5% to 39.8%, and future projects should secure an even larger share for Guyanese. This signals potential political pressure on the government to renegotiate terms with ExxonMobil, which could affect future investment decisions in the Stabroek block. The claim is based on a political statement, and the actual fiscal terms are subject to existing contracts.