Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

ExxonMobil in Guyana has its own definition of Guyana's Local Content – Brasington

 

 

 

By Kiana Wilburg

GEORGETOWN
Petroleumworld 06 07 2018

“Money invested in the economy” is what qualifies as local content for USA oil giant, ExxonMobil.

This was explained, yesterday, by the company's head of Public and Government Relations, Kimberly Brasington.

Her comments come in wake of harsh criticisms of a list of nearly 227 names of individuals and local companies ExxonMobil submitted to the government for the first quarter of 2018.

The list was part of the company's local content reporting requirements.
Local critics and Regional experts noted that ExxonMobil's list of companies which includes media houses, eateries, taxi services, and supplies stores does not constitute local content.

This is especially when one takes into consideration, the globally accepted definition of local content.

Brasington was told that international local content experts define local content as the meaningful investment into the development of local skills, manpower and services.

To this, the ExxonMobil official said, “I have to say that I agree with those experts and critics because local content is many things and to ExxonMobil, local content means three main things, one of which is reflected in this list.

“The way we define local content is…investing in your local economy. So it is using local businesses and services to support your industry… you are investing and putting money into the economy and that is what that list represents…”

She noted however, that the list does not represent the company's full local content plans.

Ms. Brasington said that a different approach is taken to capacity building and community development. She said that these additional areas also encompass ExxonMobil's definition of local content.

The official clarified, however, that the list of 227 companies represents the “infusion of money into the economy.”

While the government has released the list of companies used by ExxonMobil for the first quarter of 2018, calls still remain for the administration to publish the list of 309 companies ExxonMobil said it used last year to support its operations.

PADDED LIST

Brasington also sought to justify the list of companies being padded with the names of persons.

She said, “The reason that individuals are listed is because individuals are doing business with ExxonMobil. So they have in many cases, a contract as an individual or the name of their company is their name.”

The ExxonMobil official said that in many of those cases, the individuals are landlords where they are renting a property to ExxonMobil employees, or to its contractors' employees at the shore base.

________________________

Twitter: @petroleumworld1

Petroleumworld.com

Hit your target - Advertise with Us

Story Kiana Wilburg from Kaieter News

kaieteurnewsonline.com
06 07 2018

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter:@petroleumworld1

November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter

 

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.