Guyanese President Irfaan Ali expressed his favoritism for Chevron Corp. to take over Hess Corporation, for $53 billion, a deal that would allow it to take over Guyana's Stabroek Block oil project of which Hess owns 30%.
In an interview with the Financial Times published on Monday, Ali noted it is important to bring "the largest operators from the US operating in Guyana." Also, he said not to be "nervous" with the possibility that Exxon Mobil increases its stake in the project but warned that one single dominant owner in the business "can cause concern." "We are of the view that the partnership works well," he mentioned
His comments came ahead of Hess shareholders' vote on Tuesday about taking or not Chevron's bid. The offer was subjected to a strict regulatory review by the US Federal Trade Commission (FTC) with some politicians opposing it.
