Foreign oil companies are not doing Guyanese a favour by fronting the capital required for the exploration and development of its oil resource since the commodity is in fact natural patrimony and the monies will be repaid with interest by this nation.
As such, Guyanese have a right to demand that local content is protected and fully exploited even in the early stages of development through monies initially being fronted by, in this case, US Oil Giant Exxon Mobil, currently gearing for production by 2020.
