UPDATE 1-Guyana opposition candidate pledges to keep Exxon contract intact [Reuters]
REPSOL SA SP/ADR (REPYY)
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Source: Reuters
Guyana opposition candidate pledges to keep Exxon contract intact ANNA REGINA, Guyana (Reuters) - Exxon Mobil’s oil contract with Guyana won’t be renegotiated if the opposition wins the March 2 election, the party’s top candidate said, adding that he would administer the deal better after reviewing terms. While his People’s Progressive Party (PPP) has criticized President David Granger’s 2016 deal with Exxon as too generous, Irfaan Ali called the company - whose 1 million barrel cargo of Guyana’s first-ever crude production set sail on Monday - a “pioneer” in an interview over the weekend. The PPP’s platform pledged to “immediately engage the oil and gas companies in better contract administration/re-negotiation.” Other companies exploring off the South American country’s coast include Britain’s Tullow Oil, Spain’s Repsol SA and France’s Total. “Exxon is a different case,” Ali told Reuters after a campaign rally in the western Essequibo region, where thousands of red-shirted supporter
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