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Exxon recovering more money from Guyana’s oil yearly than investments

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Kaieteur News – ExxonMobil and the Stabroek Block Co-Venturers are currently recovering more money from Guyana’s oil than they are investing in the operations. With the increase in oil production activities, the 75% cost recovery figure has ballooned to an eye-popping US$7.5B in the first half of 2024 alone. Meanwhile, Exxon has committed to spend […]

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