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Construction of oil refinery in Guyana will be a political decision

Minister of  Natural Resources, Raphael Trotman Wednesday night said the Guyana government would have to consider the social benefits of the construction of a US$5 billion refinery or a smaller facility like in neighbouring Suriname. He said Cabinet would have to study the findings and recommendations contained in the desktop feasibility study conducted by Director of Advisory Services at the New ...

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Building a US$5 billion oil refinery in Guyana unprofitable — expert

The cost of building a brand new 100,000 barrel per day oil refinery in Guyana can cost up to US$5 billion with a negative rate of return on investment at between US$2 billion and US$3 billion, a consultant said Wednesday. Director of Advisory Services at the United States-based Hartree Partners, Pedro Haas’ findings and assumptions were based on Guyana’s daily ...

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Clerk charged with multi-million dollar fraud

Twenty-four year old Naipaul Beharry appeared in the Georgetown Magistrates’ court charged with embezzlement. Beharry stood before City Magistrate Fabayo Azore where the charge read that on may 1, 2015 and July 31 2016 while being a clerk at a firm, he fraudulently embezzled GYD $4.9 million dollars in the name of his employer, Ramgobin Mohanlall. He pleaded not guilty. ...

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Guyanese small farmers to get improved Climate Services

  Guyanese farmers may soon be able to make better decisions if all goes well with a Participatory Integrated Climate Services of Agriculture (PICSA). A workshop is currently being facilitated by the Ministry of Agriculture’s Hydro-meteorological Department, with funding from the United States Agency for International Development’s (USAID) Programme for Building Regional Climate Capacity in the Caribbean Programme (BRCCC Programme). The Ministry ...

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ExxonMobil awaits key approvals before Final Investment Decision ; elections will not determine production start-up

The United States (US) oil giant, ExxonMobil, is yet to make its Final Investment Decision (FID) to engage in commercial production offshore Guyana because local regulatory agencies are still reviewing applications, officials said Tuesday. They are the Environmental Impact Assessment (EIA) being reviewed by the Environmental Protection Agency (EPA) and the granting of a production license by the Guyana Geology and ...

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PPP on a high: Jagdeo wants to ‘free da weed’

Former President Bharrat Jagdeo, today reiterated calls for decriminalizing the possession of small amounts of marijuana (cannabis sativa) and pointed to the fact, there are many young people across the country who have been jailed, while large scale dealers walk scot free. Jagdeo was at the time addressing his party’s press engagement. The former president was asked to give his ...

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CANU wants motor racers, saw-miller in connection with GYD$500 million cocaine bust; several persons remain in custody

The Customs Anti-Narcotics Unit (CANU) Sunday night said two motor racers and the owner of a lumber yard are implicated in the seizure of more than 80 kilogrammes of cocaine stashed in a consignment of lumber bound for the United States (US) where the narcotic would have fetched a street value of GYD$550 million. “The said search revealed cocaine found in random boards scattered ...

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Podcast: Two Guyanese among Anthony N. Sabga Caribbean Awardees for Excellence 2017

Two Guyanese, one Grenadian and one national of Trinidad and Tobago Saturday night copped the Anthony N. Sabga Caribbean Awards for Excellence 2017 that was held in Georgetown, the Guyanese capital. The laureates are Mr. Winslow Craig (Arts and Letters) -Guyana ; Kwame Ryan (Arts and Letters)- Trinidad and Tobago; Shadek Nyack Compton (Entrepreneurship)- Grenada and Christopher Arif Bulkan (Public ...

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East Coast Demerara arch, financed by Trinidad company, symbolises Caricom integration; govt apologises for traffic fiasco

The construction of a GYD$20 million arch over the East Coast Demerara Public Road-in honour of Guyana’s 50th Independence and indicating the eastern entrance to Guyana’s capital, Georgetown- symbolises Caricom integration, President David Granger said Saturday. “This arch defines the boundaries of our capital. It exemplifies private-public partnership. It epitomises the friendship between two Anglo-phone Caribbean states- Guyana and, Trinidad ...

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Guyana peeved at US’ listing of Guyana, other Caricom member states as “major” money launderers

Guyana’s Finance Minister, Winston Jordan is peeved that his country and several other sister Caribbean Community (Caricom) nations have been listed by the United States (US) as “major money laundering countries.” “It is denial of all of the efforts that we in the Caribbean have been making to make our countries safer, to rid our countries of bad money and ...

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