Guyana Election Rivals Want a Bigger State Share of Oil Revenue

In Guyana, the upcoming presidential election is being dominated by the issue of oil revenue distribution. The opposition candidates are promising to renegotiate the country's oil contract with Exxon Mobil, the largest oil producer in Guyana. The candidates argue that the current agreement, which gives Exxon a significant share of the profits, is not benefiting the Guyanese people enough, especially as they grapple with rising inflation. They aim to secure a larger share of the oil revenue for the Guyanese government, which they believe will help address the country's economic challenges. The opposition's stance reflects a growing discontent among Guyanese citizens who feel that the oil wealth is not being equitably distributed. The candidates are tapping into this sentiment and using it as a key campaign promise to win over voters. The outcome of the election and any potential renegotiation of the Exxon contract could have significant implications for Guyana's economic future and the country's relationship with the oil giant.