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Natural gas production not immediately feasible- ExxonMobil official tells parliamentary committee

Although “associated” natural gas has been found along with an estimated 1.4 million barrels of oil offshore Guyana, a top official of ExxonMobil on Wednesday said because of the comparatively small gas find it would not be immediately feasible to exploit that fuel. Country Manager for Esso Exploration and Production Guyana Limited (EEPGL)- ExxonMobil’s local subsidiary- Jeff Simons explained that ...

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Bai Shan Lin grinds to a halt, Region 10’s small loggers have no buyer

The operations of the Chinese logging company, Bai Sha Lin, have ground to halt and the livelihoods of numerous Guyanese who sold logs to that company have been disrupted, Minister of Natural Resources, Raphael Trotman said Wednesday. “The company’s operations are at a standstill right now,” he said. Briefing the bipartisan parliamentary committee on natural resources, he said Bai Shan ...

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Pres Granger supports wider use of cassava flour but wary of political resistance

President David Granger agrees that Guyanese should use more cassava and other gluten-free flours because they are healthier but he forecasts that his administration will face political resistance if there is no broad agreement. “I think at this stage we probably need to develop a more consensual approach,” he said during an interactive session with Guyana’s newly appointed ambassadors at ...

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Private Sector Commission agrees City Hall needs money but “confrontational and unlawful”

Even as the Private Sector Commission (PSC) prepares for another round of talks on efforts to impose a container tax, that business organisation has roasted City Hall for operating and taking “illegal action” without consulting the very people it expects to pay more taxes. “The Commission wishes, however, to remind the Council that the business sector and residents of the ...

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Fund to finance telecoms services in uneconomical areas

by Gary Eleazar Communities across the country with no access to telecommunication services will soon be accommodated through a special fund to be set up, as part of the provisions under the recently approved Telecommunications (Amendment) Bill 2016. Minister of State, Joseph Harmon, elucidated this point on Wednesday when he appeared before the Standing Parliamentary Sectoral Committee on Natural Resources. ...

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Interest to be waived on outstanding University of Guyana student loans

Former students of the University of Guyana, who have not repaid student loans to the government, would soon have the interest rates waived, government hinted on Thursday. Briefing the media on the outcome of this week’s cabinet meeting, Minister of Natural Resources, Raphael Trotman said a detailed announcement on the future management of the student loan scheme would be made ...

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Updated: Guyana loses US$18 million from Norway forest protection deal

by Gary Eleazar Guyana has lost more than US$18 million dollars under its Forest Protection Agreement with Norway inked in 2009. Marlon Bristol, Head of the Project Management Unit of the Office of Climate Change (OCC), made the charge on Wednesday when he testified before the Standing Parliamentary Sectoral Committee on Natural Resources. He was among the many department heads to ...

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Jagdeo’s “limited” Low Carbon Strategy being expanded

by Gary Eleazar The coalition A Partnership for National Unity+ Alliance For Change (APNU+AFC) government says it, “acknowledges” the Low Carbon Development Strategy (LCDS)–flagship project of former, President Bharrat Jagdeo–but it is looking to adopt a different approach in terms of Climate Change challenges, since that strategy was limited. This was among the many disclosures made on Wednesday when the ...

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Land lease rentals to be increased- Harmon

by Gary Eleazar Investors looking to lease lands for the establishment of industrial sites, agricultural or other domestic purposes will soon have to pay an increased rental fee, as Government is looking to go ahead with a land re-evaluation exercise. This disclosure was made by Minister of State, Joseph Harmon, when he appeared on Wednesday, before the Standing Parliamentary Select ...

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