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Integrity of new Oil and Gas Association boss under microscope

Less than one week after the Guyana Oil and Gas Association (GOGA) was formally launched, the future of it President and Chief Executive Officer, Bobby Gossai Jr. hangs in the balance after reports surfaced that he was named in a recent government-sponsored forensic audit. GOGA said in a statement that it was unaware of the “specific contents” of the Audit ...

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Gafoor’s Industries decides its future after two fires

Baffled at two recent fires at Gafoor’s Industries’ Houston, East Bank Demerara that resulted in almost US$20 million dollars in losses, management has already decided its next move if there is third blaze. Managing Director, Sattaur Gafoor declined to divulge the decision. He said one of the major concerns in the aftermath of the second fire is whether the insurance ...

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Guyana Oil and Gas Association to push transparency, local jobs, training

The Guyana Oil and Gas Association (GOGA), which was launched Tuesday night, has its eyes set on ensuring transparency and accountability of transactions and adequate provision for Guyanese to be directly or indirectly employed. “GOGA will support all efforts which will lead to the fullest possible disclosure of all information on all transactions related to the exploitation of this national ...

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Guyana Foundation Sunrise Center pilot phase successfully completed

Hague Back, Guyana – (October 11, 2016) The Guyana Foundation recently announced that the pilot phase of its Sunrise Center on the Essequibo Coast was successfully completed. This announcement was made last week at the Westin Hotel, Grand Cayman, during a presentation by the Foundation’s Founder, Mrs. Supriya Singh-Bodden, C.C.H., and its Managing Director, Mr. Anthony Autar. In attendance were ...

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Caricom suspends tariff on several inputs for Guyanese manufacturers

The Guyana Manufacturing and Services Association (GMSA) on Monday announced that the suspension of taxes and duties on several inputs now that the Caribbean Community (Caricom) but it would be pushing for the permanent removal of those items from the Common External Tariff (CET) list. “The Guyana Manufacturing & Services Association GMSA, was pleased to be informed by its membership that with ...

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Invest oil revenues in job creation- US Ambassador

Although ExxonMobil says that oil production offshore Guyana is expected to directly employ less than 200 persons, United States (US) Ambassador, Perry Holloway says job creation will depend heavily on how this poor Western Hemisphere country spends its oil revenues. “The real significant job creation will come about from the revenue generated from the oil find. The government, in consultation ...

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Joining global anti-corruption natural resources watchdog will help improve Guyana’s rating- Trotman

Reeling from decades-old international concerns about little transparency and accountability, Guyana hopes that its eventual joining of the global watchdog- Extractive Industries Transparency Initiative (EITI)- will help attract more investors in the natural resources sector. “EITI will bring many benefits to Guyana: an improved investment climate, a signal to international investors that the government has a clear commitment to transparency ...

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Dragga blocking Mazaruni River to be removed “by any means possible”

The floating gold mining dredge called a ‘dragga’ that has been blocking the free flow of jet boat traffic on the Mazaruni River would be destroyed at a cost of GYD$24 million dollars, Public Infrastructure Minister David Patterson said Friday. Patterson said he has already informed Crown Mining, the owner of the dragga, that the vessel would be removed, cut ...

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Ogle Airport needs an ambulance, says Labour Dept on explosion at Roraima Airways’ hangar

The Guyana government has called on authorities of the Eugene F. Correia (Ogle) International Airport to acquire an ambulance, after a Roraima Airways aviation technician, who was badly injured in an explosion earlier this year  had to be transported in a car The  recommendation is contained in a report by the Occupational Safety and Health Department of the Ministry of ...

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Carter Centre is back to help Guyana join global extractive industries transparency watchdog

The United States (US) is injecting US $297,000 is injecting in helping Guyana to prepare to become a member of the Extractive Industries Transparency Initiative (EITI) and ensure good governance. American Ambassador to Guyana, Perry Holloway said the 12 month project by thr Carter Centre is aimed at advancing transparency and accountability by assisting Guyana to develop its EITI candidacy ...

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