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Economist says refinery for Guyana should be considered as oil prices skyrocket

With the oil price at an all-time high and set to go even higher, Richard Rambarran, a lecturer of economics at the University of Guyana, Tuesday urged Guyana to consider establishing a modular refinery to meet at least its...

‘Most transformational project in Guyana’s history’ can deliver huge benefits, says energy expert

The gas-to-energy project proposed by the Government of Guyana has the potential to not only create new industries and transform the economy but also represents the most environmentally sustainable option currently available to the country.  This is according to...

Guyana determined to ensure economy not solely dependent on oil

Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said on Wednesday that even though oil production will transform Guyana’s economy, petroleum will not be its lone driver. He said the Irfaan Ali...

Private sector must form consortia to meet unprecedented scale of investments – Guyana President

President of Guyana, Dr. Irfaan Ali is urging local private sector players to up their game and form consortia to meet the growing needs of Guyana's oil-driven economy. He made the appeal during an address at the launch of Saipem's...

Wales to be like Point Lisas but a little bit more eco-friendly – VP Jagdeo

The Guyana government’s highly anticipated US$900M gas project is expected to pave the way for a massive industrial park to be housed at Wales. According to Vice President, Dr. Bharrat Jagdeo, the Wales development will have similar characteristics to...

Inaugural Guyana Energy Conference set for Monday launch

The inaugural Guyana Energy Conference and Exhibition (GEC-X ’21) will be officially launched on Monday, February 22, at the Pegasus Hotel in the country’s capital, Georgetown. The conference is being organized by the Georgetown Chamber of Commerce and Industry...

U.S Ambassador urges ‘fastest growing economy in the world’ to prepare for sweeping changes

New oil producer Guyana will continue to see growing interest from investors around the world looking to tap into the opportunities the offshore multi-billion-barrel hydrocarbon resources are providing. U.S Ambassador to Guyana, Sarah-Ann Lynch says now is the time...

Guyana remains committed to low carbon development – President tells international community

The preservation of Guyana’s forests and adherence to the country’s Low Carbon Development Strategy (LCDS) in order to combat climate change and lower carbon emissions is a critical objective of the the new oil producing country. On Thursday, President Irfaan...

Guyana’s energy costs to be halved in five years – Prime Minister

Prime Minister of the South American country of Guyana Brigadier (ret’d) Mark Phillips says the Government is targeting a 50 percent reduction in the cost of energy in five years as it remains committed to providing stable and reliable...

“ExxonMobil will be in Guyana for a long time” – PM Mark Phillips

Officials from ExxonMobil Guyana paid a courtesy call on newly appointed Prime Minister in the South American country, Brigadier Mark Phillips, on Friday.   The ExxonMobil team included President of the company, Alistair Routledge, and Senior Director, Government Relations, Marcus...

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Guyana now getting largest share of Stabroek Block oil production

Guyana President Irfaan Ali said Tuesday that Guyana is now entitled to 39.8% of all crude oil produced from...