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Guyana opposes military intervention in Venezuela

Guyana’s Foreign Affairs Minister, Carl Greenidge on Saturday said his country would not support the invasion of Venezuela from where people are continuing to flee worsening political, economic and social conditions. “We have no interest, as a government and I think that is true of the opposition also in orchestrating or encouraging anybody to invade Venezuela,” he told a meeting with ...

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Leading Guyanese law firm to monitor, advocate for best oil legislation, regulations

A prominent Guyanese law firm, which has now opened offices in the United States oil capital of Houston, Texas, will be monitoring all legislation and regulations that might impact on oil industry companies that are operating here or plan to do so, officials said Friday night. The Guyana-headquartered 36-year old law firm-Hughes, Fields and Stoby–  Friday night launched Hughes, Fields and ...

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Guyana crafting rules to calculate oil companies’ costs; independent auditors might be hired

As debate continues over whether Guyana might have lost millions of United States (US) dollars to ExxonMobil in the development of Liza Phase One,  government here on Friday announced that steps were being taken to reduce controversies in calculating costs. This announcement was made by Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe at the ...

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Including forestry, gold in sovereign wealth fund is bad business; remove permanent tax waivers from future oil agreements- Charles Ramson Jr.

British-trained oil and gas resource person, Charles Ramson Jr. on Friday called for the removal of other natural resources such as forestry and gold from the proposed sovereign wealth fund, and the erasure or amendment of permanent tax  from Guyana’s future Production Sharing Agreements (PSAs). Just back from a University of Oxford Oil Gas and Mining Executive Course, Ramson announced that ...

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Caribbean should train nurses for overseas markets; nursing college to be constructed

As 74 Guyanese nurses prepare to leave to take up job offers in the United Kingdom, Guyana’s Public Health Minister, Volda Lawrence announced in the United States (US) that government would be setting aside 30 acres of land to construct a nursing college to train local and Caribbean health care personnel. Addressing overseas-based Guyanese in Washington DC where she was ...

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Town Clerk leased land not owned by City Hall to shipping company

Town Clerk, Royston King leased a parcel of land to a shipping company, but the Commission of Inquiry into the operations of the Georgetown Municipality says that land is owned by government’s holding company for State assets. Chairman of the one-man Commission of Inquiry into City Hall’s administration, Retired Chancellor of the Judiciary, Cecil Kennard that the probe would focus, ...

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Guysuco gets new board

The Guyana government on Monday confirmed the appointment of a new Board of Directors for the state-owned Guyana Sugar Corporation (Guysuco), after months of haggling over who has the authority to appoint that governance structure. After the National Industrial and Commercial Investments Limited (NICIL), which is closely linked to the Ministry of Finance, had taken over responsibility for a number ...

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AFC, WPA poised to collaborate on proposed direct cash transfers of oil money to poor households

The Alliance For Change (AFC) and the Working People’s Alliance (WPA) on Sunday looked set to collaborate on whether there should be conditional direct cash transfers of oil revenues to poor Guyanese households. WPA Executive Member, David Hinds confirmed that the AFC has contacted his party and was now awaiting further word from that party. “WPA welcomes the AFC stance ...

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Kuwait eyes closer economic ties with Guyana

Reproduced from Kuwait Times KUWAIT: Two ministers from Guyana are in Kuwait to appeal for a possible writing-off of debt borrowed from Kuwait around 40 years ago. Finance Minister Winston Jordan and Minister of Public Infrastructure David Patterson hope to get the much-needed relief from the Kuwaiti government. “We had borrowed around $10 million from Kuwait in the 1970s. It ...

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Guyana to host international robotics competition in 2019; STEMGuyana appeals to private sector for robotic kits

Guyana is expected to host the International Youth Robotics Competition (IYRC) league pre-qualifier competition in in 2019, STEMGuyana said Sunday. STEMGuyana said it signed an agreement with the the International Youth Robot Association to be the pre-qualifying body responsible for organizing the annual qualifier national robot competition among Guyanese primary and secondary school-aged student-teams to represent Guyana at the IYRC. The ...

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