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(Demerara Waves) Guyana lacks the capacity to deal with an expected huge influx of invoices from the United States (US) oil giant, ExxonMobil, is set to begin submitting in the coming months, even as industry experts on Thursday said invoices and payments by international oil companies must be examined in detail.

Finance Minister, Winston Jordan is already on record as saying that he was unaware that ExxonMobil was about to dispatch invoices to Guyana as the country prepares to begin commercial oil production in 2020.

Based on the production sharing agreement, ExxonMobil is entitled to 75 percent to recover the cost of investment and the remaining 25 percent of profit oil will be split in half between the company and Guyana.

American attorney-at-law, Vicky McPherson, cited the need for governments to hire lawyers who are experts in the oil and gas sector, she said one of the options could be to ask the international oil company to pay the lawyers.

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