Synaps

Oil in Guyana

In Guyana, a poverty-stricken country in South America, a huge oil discovery was made a few years ago by oil giant ExxonMobil, worth about 5 billion dollars. But Guyana is not very politically stable and suffers from enormous corruption and mismanagement. Moreover, the government knows nothing about the oil trade and has signed a 'strangulation contract'; worse than any contract with an oil producing country. Journalist Thomas Loudon travels to Guyana together with director Kim Smeekes to see what the country is doing with the oil discovery.