LJP plans to lobby for renegotiation of oil contracts

The Liberty and Justice Party (LJP) plans to use any influence it gains at the March 2020 elections to force a renegotiation oil production contracts and to push for environmental protection initiatives.

Expressing optimism that the party will win upwards of 13 seats in the National Assembly at the approaching polls, party Chairman Lenox Shuman on Thursday told a press conference, “We look forward and are hopeful that the population of Guyanese give us an opportunity to get to the table where we would force renegotiation of these contracts so that it better represents what Guyanese are looking for.

Regarding the 2% and 1% royalties to be provided to Guyana by virtue of the contracts with Exxon and Tullow, respectively, Shuman said the party would seek to revise the numbers so that they align with international standards.