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US depends on Venezuelan oil, unable to stop importing overnight – Ambassador

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(Sputnik) - Venezuela is not satisfied with its quota for oil production under the Vienna agreement of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers and is currently taking measures needed to restore its level of...
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Major traders are talking about $100 oil again

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(Bloomberg) Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions on Iran’s exports. With Brent crude already jumping to an almost...
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Islamic finance institutions invited to Guyana next year

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 - Private sector could benefit significantly from investment facilities Representatives from several Islamic development and finance institutions could arrive in Guyana early next year at the invitation of the country’s Minister of Finance, Winston Jordan. The South American country became the...
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‘Make cost recovery audit public; amend Procurement Commission Act’ – Persaud

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On the heels of nine major discoveries offshore Guyana by ExxonMobil and its partners HESS and CNOOC Nexen and with the recent announcement of a major resource estimation by Eco-Atlantic, former Minister of Natural Resources and the Environment Robert...
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U.S. preparing ‘actions’ in coming days against Venezuela, Pompeo tells Fox News

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(Reuters) - The United States is preparing a “series of actions” in the coming days to increase pressure on the Venezuelan government, U.S. Secretary of State Mike Pompeo told Fox News on Friday. “You’ll see in the coming days a...
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ExxonMobil cost recovery, Petroleum Commission Bill among top priorities for DOE – Dr Bynoe

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Guyana’s new Department of Energy (DOE) is stepping up its operations and has placed two key items at the top of its priority list.  Head of the Department, Dr Mark Bynoe said in the short-term focus will be placed...
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Granger signals intent to enter economic agreement with Barbados; calls on local private sector to avoid insularity

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Guyana’s President, David Granger has called on the country’s private sector to avoid the dangers of insularity, while pointing out that his government intends to continue pursuing regional economic cooperation. Referring to the private sector’s pivotal role in fostering economic...
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Guyana President urges private sector to become more innovative at opening of GuyTIE 2018

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The inaugural three-day Guyana Trade and Investment Exhibition (GuyTIE) was officially opened by President David Granger on Thursday at the Marriot International Hotel in Guyana's capital, Georgetown. Fifty-six exhibitors and over 100 potential buyers and investors are expected to participate...
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ExxonMobil, Chevron and Occidental join Oil and Gas Climate Initiative

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The Oil and Gas Climate Initiative (OGCI) today announced three new member companies that together represent 5% of global oil and gas production as it welcomed Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum. The three new companies will...
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Rowley reminds Guyana of TT debt write-off…which he strongly opposed back in 1996

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Trinidad and Tobago Prime Minister Dr Keith Rowley told reporters in Guyana on Wednesday that the twin island republic has been a good friend to the South American country over the years even choosing to write off billions of...
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Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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