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IMF oil price forecast could see Guyana earning around $50 million...

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The International Monetary Fund (IMF) said in an updated forecast that oil prices are expected to average just above $50/b in 2021, a more...

IMF urges Mexico state oil company to urgently overhaul its business...

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(S&P Global) Pemex needs a complete overhaul that includes modifications to its business strategy and reforms to its governance and procurement as the state...

Future participation in oil blocks should be done via State Holding...

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While some arguments have been put forward in favour of Guyana establishing a National Oil Company so that it may have a participating interest...

Oil prospects keeping Guyana’s outlook favourable

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The vast oil fields which have been discovered off the coast of Guyana by ExxonMobil continue to boost the economic outlook of the country...

COVID-19, political instability could restrict Guyana’s growth and stall oil investments

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The International Monetary Fund (IMF) says commodity exporters in South America will face all round lower export revenues as a result of the COVID-19 pandemic...

Avoid white elephants, bad spending and address the people’s needs –...

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Guyana, as a newcomer to the league of oil producing nations, is in a unique position to learn from and avoid the many mistakes...

ExxonMobil Guyana contract consistent with other countries – IMF Mission Chief

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International Monetary Fund (IMF) Mission Chief to Guyana, Dr. Arnold McIntyre, says there is nothing unusual about the Production Sharing Agreement (PSA) which the...

IMF urges implementation of EITI report recommendations to strengthen governance

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The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for...

Oil will account for 40 percent of Guyana’s GDP by 2024...

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The International Monetary Fund (IMF) has called Guyana’s medium-term prospects “very favourable” as the South American country prepares for oil production in early 2020....

Favourable prospects provide opportunity for Guyana to scale-up infrastructure, other spending...

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With oil production on the horizon, the International Monetary Fund (IMF) says the medium-term prospects for the South American country of Guyana are ‘very...