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Police on hunt for Turkish former boss of Princess Ramada Hotel

Former General Manager of the Princess Ramada Hotel, Ugur Turetgen is wanted by Guyanese police to assist their probe into alleged fraud and immigration violation. No details were provided. Turetgen’s last known address was given by police as Track ‘B’ Block ‘Z’, Providence, East Bank Demerara which is the same address for the Princess Hotel. Police said “all information will ...

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East Demerara road will eventually be extended to Rosignol

The Guyana government has received an extension on a loan from the Exim Bank of India for the East Coast Demerara road to be widened and upgraded all the way to Mahaica, East Coast Demerara, Public Infrastructure Minister, David Patterson says. Government’s Department of Public Information reported that the decision will see expansion works being extended from the original end-point ...

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CJI Airport silent on cause of water disruption resulting in unflushed toilets

The Cheddi Jagan International Airport (CJIA) Thursday morning remained silent on the cause of water disruption that resulted in many unflushed and dirty toilets, even as the Guyana Water Incorporated (GWI) did not take any blame for the problem. “On January 8th 2019, CJIA’s water supply was disrupted resulting in the terminal buildings being out of water for several hours. ...

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AFC says still enjoys right to name PM candidate

The Alliance For Change (AFC) on Wednesday said it is well-aware that the President has the constitutional right to appoint the prime minister and other ministers of government following an election. That party seized the opportunity to reiterate that it has already selected its leader, Khemraj Ramjattan, to be the next prime minister of Guyana if the AFC+A Partnership for ...

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Change Guyana promises Guyanese shareholding in oil sector, “special funds” for welfare

Change Guyana (CG) political party on Tuesday made a number of promises to ensure a “fair share ” of the country’s oil and gas resources are provided to ordinary Guyanese, while at the same time taking back all idle oil blocks and holding annual auctions with significant signing bonuses. “All blocks for which investors’ commitments have not been delivered to ...

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Major oil discovery offshore Suriname

Reproduced from World Oil HOUSTON – Apache and Total announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working interest. Maka Central-1 successfully tested for the presence of hydrocarbons ...

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Venezuela remains one of Guyana’s biggest rice buyers, despite no PetroCaribe deal

Venezuela is Guyana’s biggest rice market, accounting for 34 percent or 177,682 tonnes of all that grain exported to several Latin American countries the Guyana Rice Development Board (GRDB) said in a statement. This means that despite Venezuela stopping the rice for oil PetroCaribe agreement with Guyana in 2016, a number of private exporters are still selling rice to that ...

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Oil prices jump after top Iranian general killed by US

Reproduced from the BBC News Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 4% to hit $69.50 a barrel at one point, the highest since mid-September. It came after General ...

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GTT ups Demerara River submarine fibre optic capacity

The Guyana Telephone and Telegraph Company (GTT) on Friday said it has begun increasing its submarine fibre-optic capacity across the Demerara River with the replacement of its cable. “The replacement cable will give added future capacity to services since it consists of 24 strands, as compared to the damaged cable, which had 12 strands,” the company said in a statement. ...

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GuySuCo calls for release of funds as production falls to 90,000 tonnes

The Guyana Sugar Corporation (GuySuCo) on Thursday called for the release of much needed funds to halt a further decline of the state-owned industry that produced a mere 90,246 tonnes of sugar last year due to mechanical problems, bad weather and strikes. “The industry will continue to face challenges to achieving reliability in the factories if operation capital investments continue ...

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