Hess and CNOOC which together hold 55% of the interest in Guyana’s oil rich Stabroek Block saw profits of $16.1b in 2020 and this means that they would be liable to pay $5.3b in taxes which this country has to meet according to the much reviled 2016 Production Sharing Agreement (PSA).
The article Hess, CNOOC racked up $16.1b in profits last year from Stabroek Block appeared first on Stabroek News.
