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Caribbean Politics
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Canadian oil company paid Guyana's legal fees racked up in maritime border dispute

GEORGETOWN, Guyana - A Canadian oil company paid legal fees racked up by Guyana in a feud with neighbouring Suriname for control of an oil-and-gas-rich basin, but won't receive preferential treatment for exploration, Guyana's president said.

Toronto-based CGX Energy Inc. (TSXV:OYL.U) paid US$8.9 million in fees - the majority of Guyana's legal bill - incurred in a maritime border dispute with Suriname over rights to the undersea basin, President Bharrat Jagdeo said late Monday....
Writer/Editor : Site Administrator
Added On Date : Oct 11, 2007 Read More... 
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